XRP and Solana Added to Nasdaq Crypto Index: Market Expansion Imminent?
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The Nasdaq Crypto US Settlement Price Index (NCIUS) was updated on June 2 to include four new cryptocurrencies: Solana ($SOL), Cardano ($ADA), Stellar ($XLM), and XRP ($XRP). Earlier, it had only included $BTC and $ETH.
While this is great news for the development of the broader crypto market, it ‘s caused an issue for the Hashdex Nasdaq Crypto Index US ETF (NCIQ). This ETF tracks the NCIUS index to provide weighted exposure in $ETH and $BTC.
Until now, it could replicate the index with precision and minimum divergence. However, even though the composition of NCIUS has now changed, the ETF…
