Recently, Nasdaq submitted a rule change application to the U.S. Securities and Exchange Commission (SEC), planning to include XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) in its cryptocurrency index benchmark.

This move marks an expansion of Nasdaq's cryptocurrency ETF, reflecting the growing interest and recognition of cryptocurrencies in the market.

Expansion of Nasdaq's Cryptocurrency Index

This adjustment by Nasdaq involves the Hashdex Nasdaq Cryptocurrency Index ETF (NCIQ), intending to expand its tracking target from the original Nasdaq Crypto US Settlement Price Index (NCIUS) to cover the Nasdaq Crypto Index (NCI) encompassing 9 tokens.

This expansion not only increases the diversity of the ETF but also provides investors with a broader range of cryptocurrency investment options.