- Nasdaq adds four new assets to crypto index.
- Market anticipates increased institutional participation.
- Pending SEC approval potentially broadens ETF holdings.
Nasdaq plans to expand its cryptocurrency index by incorporating four new digital assets: XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM). This expansion aims to be completed by June 2025.
This expansion aims to broaden institutional participation and diversify digital asset tracking through products like the Hashdex Nasdaq Crypto Index US ETF.
Nasdaq’s subsidiary, Nasdaq ISE, spearheads the inclusion of XRP, Solana, Cardano, and Stellar Lumens to broaden its crypto index. CF Benchmarks serves as the calculation agent.
The Calculation Agent announces that the reconstitution of the Nasdaq Crypto Index Family will take place on June 2nd 2025. Four constituent(s) will be added … to the Nasdaq Crypto US™️ Index (NCIUS) … in accordance with their respective methodologies.
The crypto index expansion anticipates greater institutional investor access pending SEC approval. ETF allocations might widen to include the new assets.
The addition potentially impacts crypto market liquidity and asset valuation, as these changes can lead to increased trading activity for the selected coins.
Financial implications of the expansion could be significant, with enhanced ETF potential for digital currencies beyond Bitcoin and Ethereum. Stakeholders await SEC’s decision by November 2025.
Historical precedents suggest increased institutional flows and heightened on-chain activity following major index expansions. Markets now brace for the SEC’s upcoming decision.
