Get ready, crypto fans! XRP is making some serious waves! It's just been added to the Nasdaq Crypto US Settlement Price Index, and that's a HUGE step for institutional adoption! Think of it as XRP getting a VIP pass to the big leagues. ๐คฉ
What's the Buzz? ๐
On June 6, the Hashdex Nasdaq Crypto Index US ETF dropped a bombshell with the U.S. Securities and Exchange Commission (SEC). They revealed that Nasdaq Inc. revamped the Nasdaq Crypto US Settlement Price Index (NCIUS) on June 2. Guess what? It's not just Bitcoin (BTC) and Ethereum (ETH) anymore! ๐
The index now includes four new digital assets:
Cardano (ADA) ๐ฟ
Solana (SOL) โ๏ธ
Stellar Lumens (XLM) โจ
And, of course, XRP (XRP)! ๐
This means the NCIUS is getting bigger and better, paving the way for a more diverse crypto landscape in the institutional world.
But Wait, There's a Catch! ๐ง
While XRP and the others are in the index, the Hashdex ETF (which trades as NCIQ) can still only hold Bitcoin and Ethereum due to current regulations. ๐คทโโ๏ธ This creates a bit of a "tracking error" risk, meaning the ETF's performance might not perfectly match the expanded index. The SEC filing even pointed this out. ๐ฌ
What's Next? ๐ค
Nasdaq isn't stopping there! On March 7, they asked the SEC for permission for the ETF to switch to the broader Nasdaq Crypto Index (NCI) as its official benchmark. This NCI includes even more cryptos like Chainlink (LINK), Litecoin (LTC), and Uniswap (UNI)! Fun fact: XRP was already added to the NCI way back on June 3, 2024! ๐๏ธ
If the SEC gives the green light by November 2, 2025, the ETF would finally be able to hold all the assets in the NCI! That would be a game-changer for XRP and the entire crypto market. ๐
So, keep your eyes peeled! This is an exciting time for XRP and its journey towards wider adoption. The future is looking bright! ๐
The information was found in an article titled "XRP Added to Nasdaq Crypto US Settlement Price Index โ Featured Bitcoin News".
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