Here's the latest update on Nasdaq ETFs:
Nasdaq ETFs Overview
The Nasdaq Crypto Index has recently added four new digital assets: XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM). This update is part of the Hashdex Nasdaq Crypto Index US ETF, which currently holds only Bitcoin and Ethereum due to existing listing restrictions.
Key Developments
- *Index Reconstitution*: Nasdaq has filed an SEC Form 8-K, confirming the addition of XRP, SOL, ADA, and XLM to its benchmark index.
- *Tracking Error Risk*: The Hashdex Nasdaq Crypto Index US ETF may experience tracking error risk due to regulatory restrictions, potentially leading to performance differences between the ETF and the index.
- *Potential ETF Approval*: A decision on allowing the ETF to hold the newly added cryptocurrencies, including XRP, is expected by November 2, 2025.
Nasdaq ETF Performance
Some popular Nasdaq ETFs include ¹ ² ³:
- *Invesco QQQ Trust Series 1 (QQQ)*: Current price $534.21, 0.66% increase
- *Invesco Nasdaq 100 ETF (QQQM)*: Current price $219.95, 0.65% increase
- *JPM Nasdaq Equity Premium (JEPQ)*: Current price $52.99, 0.36% increase
Market Outlook
The inclusion of XRP in the Nasdaq Crypto Index is seen as a positive development, potentially increasing its visibility and attracting more investment. XRP's price has shown strong support around $2.10, with some predicting potential growth in the coming months ⁴.
