Nasdaq Adds XRP, SOL, ADA, XLM to Crypto Index
Nasdaq filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) under Rule 19b-4 on June 2, 2024. Nasdaq is broadening the benchmark for digital assets by adding prominent altcoins XRP, Solana (SOL), Stellar Lumens (XLM), and Cardano (ADA).
The proposal is made to allow the Hashdex Nasdaq Crypto Index US ETF (NCIQ) to shift from its existing benchmark, the Nasdaq Crypto US Settlement Price Index (NCIUS). The ETF would instead use a broader benchmark called the Nasdaq Crypto Index (NCI).
Nasdaq recently refreshed the NCIUS by adding four new coins: XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM). These are in addition to Bitcoin (BTC) and Ethereum (ETH), which are now index constituents, making the…
