Latest news: Nasdaq has submitted a rule change application to the U.S. Securities and Exchange Commission (SEC) to include XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) in its cryptocurrency index benchmark. This adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), which aims to expand its tracking target from the original Nasdaq Crypto US Settlement Price Index (NCIUS) to encompass the Nasdaq Crypto Index (NCI) covering nine tokens.

Currently, the NCI index includes nine cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), but due to existing SEC regulations, the ETF can only hold BTC and ETH, leading to tracking error risks. If approved, the ETF will be able to invest in all index component assets, with a final decision expected to be made by November 2, 2025. This move could represent a key step toward diversification for U.S. cryptocurrency ETFs.