Nasdaq submitted a request for a rule change earlier than the Bag and Securities Fee (SEC) on June 2, 2025 to change the cryptocurrency index. The proposal seeks to broaden the indicator by incorporating 4 new digital property: XRP, Solana (Sol), Cardano (ADA) and Stellar (XLM).
This alteration would enable the underside quoted within the inventory market (ETF), referred to as Hashdex Nasdaq Crypto Index Us ETF, diversifying its publicity to cryptocurrencies, because the present regulatory restrictions restrict their holdings to Bitcoin (BTC) and Ether (eth), the cryptocurrency of the Ethereum community.
The SEC will evaluate the applying and determine earlier than November 2, 2025, based on the presentation. The doc is signed by Samir Hachem, who acts as monetary director of Hashdex, The corporate that organizes and manages the ETF of the cryptocurrency index.
The applying, submitted beneath rule 19b-4, Underline the necessity to adapt the ETF to a dynamic cryptocurrency market. The inclusion of XRP, Sol, ADA and XLM responds to its rising relevance. XRP, for instance, has strengthened its place after the judicial ruling that clarified that it isn’t a worth title, whereas Sol and Ada leads in decentralized purposes. XLM, in the meantime, maintains a presence in international transactions.
Up to now there are 9 cryptoactives inside the Nasdaq index, together with ETH, XRP, Solar, Ada, Hyperlink, Avax, LTC and UNI, along with Bitcoin, as seen on this graph:
Market skilled analyst Willy Woo, criticized the choice in an X publication, arguing that Nasdaq shouldn’t embody bitcoin in the identical index as Altcoins as XRP, Sol, ADA and XLM.
In accordance with Woo, BTC is a financial product, whereas these cryptocurrencies are solely “programming platforms with out belief.” In his opinion, Mixing them on this index lacks precision.
Hashdex Nasdaq Crypto Index ETF has proven strong efficiency, with an collected yield of 54.8% in 4 yearsbased on the information revealed by HASHDEX. This ETF, which replicates the Nasdaq Crypto Index (NCI), gives a diversified exhibition to digital property. As well as, its sampling technique has allowed shut monitoring of the NCI, with a minimal monitoring error.
This efficiency displays the capability of the ETF to seize the worldwide market motion, benefiting from the advertising of the index market, which positions it as a horny possibility for institutional traders that search diversification within the cryptoactive sector.
