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Nasdaq has filed a proposed rule change with the US Securities and Change Fee (SEC) to increase its benchmark Nasdaq Crypto Index (NCI) to incorporate Ripple (XRP), Solana (SOL), Cardano (ADA) and Stellar Lumens (XLM).
The June 2 Kind 8-Ok submitting with the SEC, if accredited, will see the altcoins tracked within the NCI alongside crypto market leaders Bitcoin (BTC) and Ethereum (ETH), in addition to different altcoins reminiscent of Chainlink (LINK), Litecoin (LTC) and Uniswap (UNI).
Proposed Rule Change Might Deal with Present Monitoring Situation
If the rule change is accredited, it should additionally handle a present monitoring concern between the NCI and the Hasdex Nasdaq Crypto Index US ETF (NCIQ).
The latter is designed to trace the NCI, however as an alternative tracks the US-compliant Nasdaq Crypto US Settlement Worth Index (NCIUS) that solely consists of Bitcoin and Ethereum because of regulatory constraints. This creates a mismatch in efficiency between the NCI and NCIQ.
💥 BREAKING: Nasdaq information Kind 8-Ok to increase its crypto benchmark from 5 to 9 property, including $XRP, $SOL, $ADA, and $XLM.
This transfer permits the Hashdex Nasdaq Crypto Index US ETF (NCIQ) to shift to a broader, extra diversified index. pic.twitter.com/pnbhlGAYWq
— Crypto Auris (@crypto_auris) June 9, 2025
If the proposal will get the greenlight, it should eradicate the monitoring concern and efficiency mismatch by permitting the NCIQ to trace the total NCI, primarily making the NCI a extra various ETF that tracks 9 cash as an alternative of simply BTC and ETH.
A ultimate dedication relating to the rule change is predicted from the SEC by Nov. 2, 2025 following a interval for public feedback and regulatory evaluate.
Costs Barely React To The Information
The information had little impact on the XRP worth, which edged up a fraction of a share within the final 24 hours to commerce at $2.22 as of two:34 a.m. EST, in accordance to CoinMarketCap.
Equally, SOL managed a slight achieve up to now 24 hours, whereas XLM and ADA each recorded minor decreases of their respective costs throughout the identical interval.
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