XRP has taken a significant step toward mainstream institutional recognition after its official inclusion in the Nasdaq Crypto US Settlement Price Index.
While the move doesn’t yet translate to ETF holdings, it signals growing confidence in Ripple’s digital asset and strengthens XRP’s position in the evolving crypto market.
Nasdaq Embraces XRP in Expanded Crypto Index
Nasdaq’s decision to expand its Crypto US Settlement Price Index now includes XRP alongside Cardano (ADA), Solana (SOL), and Stellar Lumens (XLM), broadening the index beyond its previous focus on only Bitcoin (BTC) and Ethereum (ETH). The update went into effect on June 2, 2025, marking a pivotal development for Ripple XRP news and its long-term institutional outlook.
The index is tracked by the Hashdex Nasdaq Crypto Index US ETF (NCIQ), which currently provides market-cap weighted exposure to BTC and ETH under existing U.S. Securities and Exchange Commission (SEC) guidelines. The ETF cannot yet hold XRP or the newly added assets due to regulatory limitations.
“Under current regulatory restrictions, the Trust is only permitted to hold Bitcoin and Ether,” Hashdex stated in a recent SEC filing. “It is not permitted to hold the new index constituents… creating the risk of potential tracking error.”
Despite this caveat, the index expansion is widely seen as a forward-looking move that could reshape the institutional XRP market once regulatory conditions evolve.
