The Nasdaq wants to add altcoins XRP, Solana (SOL), Stellar Lumens (XLM), and Cardano (ADA) to its crypto benchmark index.
In the United States, the Nasdaq has filed an 8-K form with the Securities and Exchange Commission (SEC) to expand its crypto benchmark index from 5 to 9 digital assets.
The company indeed wishes to add the altcoins XRP, Solana (SOL), Stellar Lumens (XLM), and Cardano (ADA) to its crypto benchmark index.
This initiative coincides, of course, with the ongoing crypto ETF requests to the American regulator SEC, some of which are focused on XRP, Cardano, or Solana.
This would primarily allow the exchange-traded fund Hashdex Nasdaq Crypto Index US ETF (NCIQ) to transition to a broader crypto benchmark index, the Nasdaq Crypto US Settlement Price Index (NCIUS).
The cryptocurrencies XRP, Solana (SOL), Stellar Lumens (XLM), and Cardano (ADA) would be added to crypto assets such as Bitcoin (BTC) and Ethereum (ETH), which are already present in the Nasdaq's crypto benchmark index. Due to the regulations of the American stock market watchdog SEC, the Hasdex ETF currently only holds BTC and ETH.
The SEC's decision deadline is set for November 2, 2025.
If the American regulator SEC gives its approval, it could support the arrival of new crypto ETFs in the financial markets.
As a reminder, over 70 crypto ETFs are awaiting approval from the American regulator SEC, which has now adopted a pro-crypto stance since Donald Trump took office in the White House last January.
Requests for ETFs focused on cryptocurrencies as diverse as Ripple's XRP, Solana (SOL), Avalanche (AVAX), Litecoin (LTC), TRUMP, or Dogecoin (DOGE). These pending applications reflect the growing interest in increased exposure to cryptocurrencies in traditional financial markets.
