Nasdaq wants to add XRP, ADA, Sol and XLM to the encryption index
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NASDAQ has made a proposal change to the base with the US Securities and Exchange Committee (SEC) to expand the NASDAQ standard (NCI) to include Ripple (XRP), Solana (Sol), Cardano (Ada), Luments Stellar (XLM).
June 2 Model 8-k presentation With SEC, if approved, you will see Altcoins followed in NCI alongside Bitcoin (BTC), ETHEREUM (ETH), as well as other altcoins such as Chainlink (Link), Litecoin (LTC), and uniwap (UNI).
Changing the proposed rule can address the current tracking problem
If the base change is approved, it will also address a current tracking problem between NCI and Hasdex Nasdaq Crypto Index US ETF (NCIQ).
The latter is designed to track NCI, but instead tracks the US -compatible settlement price index (NCIUS), which only includes bitcoin and ethereum due to regulatory restrictions. This creates a mismatch in performance between NCI and NCIQ.
Fracture: NASDAQ files formed 8-k to expand the coding standard from 5 to 9 origins, adding $ Xrpand $ Soland $ AdaAnd $ Xlm.
This step allows Hashdex Nasdaq Crypto US ETF (NCIQ) to turn into a wider and more diverse index. pic.twitter.com/pnbhlgaywq
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If the proposal gets Greenlight, this will eliminate the tracking problem and the performance and matching of the performance by allowing NCIQ to track the full NCI, which mainly makes NCI ETF more varied that tracks 9 metal currencies instead of BTC and ETH only.
A final decision on changing al -Qaeda from the Supreme Education Council is expected to occur by November 2, 2025 after a period of public comments and organizational review.
The prices barely interact with the news
The news had a little impact on the price of XRP, which has risen part of a percentage in the past 24 hours trading at $ 2.22 as of 2:34 am EST. According to To Coinmarketcap.
Likewise, Sol has managed a slight increase in the past 24 hours, while XLM and Ada have registered slight declines in each of them during the same period.
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