Nasdaq has just filed an application to change the rules with the U.S. Securities and Exchange Commission (SEC) on June 7, aiming to expand the standard index for cryptocurrencies. This move is expected to integrate additional digital assets such as XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) into the index basket of the Hashdex Nasdaq Crypto Index (NCIQ) ETF.
Currently, the NCI index includes 9 major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). However, due to the current SEC regulations, this ETF is only allowed to hold BTC and ETH. This causes tracking error risks as the fund cannot fully reflect the volatility of the entire original index.
If the proposal is approved, the ETF will have the right to directly invest in all component assets of the index, including Tokens such as XRP, SOL, ADA, XLM along with BTC and ETH. Expanding this portfolio will help increase diversification, minimize concentration risks, and enhance the effectiveness of tracking the reference index in the cryptocurrency market.
The final decision from the SEC is expected to be announced before November 2, 2025. This move marks a strategic step that could pave the way for portfolio diversification and development of cryptocurrency ETF products in the U.S. market.
