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Nasdaq Seeks SEC Approval to Expand Crypto Index with XRP and Others

The Nasdaq Crypto Index now includes nine digital assets, pending SEC approval for the Hashdex ETF to align with the expanded index by November 2025.

BTC
ETH
SOL

Summary

The Nasdaq Crypto Index has expanded from five to nine digital assets, adding Ripple (XRP), Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM). This expansion is pending SEC approval for the Hashdex NCIQ ETF to align its portfolio with the updated index. Currently, the ETF can only hold Bitcoin and Ethereum due to SEC regulations. Nasdaq filed a proposed rule change on March 7, with a decision expected by November 2, 2025, while Hashdex employs a sampling strategy to manage its current allocations.

Terms & Concepts
  • Crypto Index: A benchmark that tracks the performance of a selection of cryptocurrencies, allowing investors to gauge market trends.
  • ETF (Exchange-Traded Fund): A type of investment fund that is traded on stock exchanges, similar to stocks, allowing investors to buy and sell shares representing a collection of assets.
  • SEC (Securities and Exchange Commission): The U.S. government agency responsible for regulating the securities industry, including the approval of ETFs.