Nasdaq Proposes Expansion of Crypto ETF Benchmark to Include XRP, SOL, ADA, and XLM

Crypto

Nasdaq Proposes Expansion of Crypto ETF Benchmark to Include XRP, SOL, ADA, and XLM

Nasdaq has officially filed SEC Form 8-K, confirming its proposal to expand the benchmark used by the Hashdex Nasdaq Crypto Index US ETF (NCIQ) from five to nine digital assets.

The updated index would include XRP, Solana (SOL), Cardano (ADA), and Stellar (XLM) alongside the existing assets.

The move aims to transition the NCIQ ETF to a broader and more diversified benchmark, reflecting the growing maturity and adoption of major altcoins in institutional crypto portfolios.

The inclusion of XRP, SOL, ADA, and XLM would mark a significant milestone for these assets, signaling deeper integration into U.S.-regulated financial products.

The SECs decision deadline is set for November 2, 2025. If approved, the change could pave the way for more diversified spot crypto ETFs and may strengthen the case for broader altcoin exposure across traditional financial markets.

This proposal follows an increasing trend of ETF providers and exchanges pushing for regulatory clarity and multi-asset inclusion, as demand for crypto-based investment products continues to grow.