#NasdaqETFUpdate
📢 Nasdaq ETF Updates 🚀🇺🇲
The Nasdaq Crypto US Settlement Price Index has included XRP, signaling growing confidence in Ripple's digital asset. Hashdex has submitted an updated ETF filing to the SEC, reflecting changes to its Nasdaq Crypto Index US benchmark.
Although the ETF currently provides market-cap weighted exposure to BTC and ETH, it cannot yet hold XRP due to regulatory limitations.
XRP is trading near $2.31, with a market cap of $131.29 billion. Technical indicators show neutral momentum on the 2-hour chart. The inclusion of XRP in the Nasdaq index is seen as a strong endorsement of Ripple's maturing position in the digital asset space.
Analysts suggest that this could lay the groundwork for future integration into regulated investment vehicles, potentially impacting XRP's long-term value. The SEC's decision on the proposed rule change is eagerly awaited, potentially marking a pivotal step toward more inclusive, regulated exposure to altcoins via ETFs.