XRP, Sol, ADA and XLM would reach the Nasdaq cryptocurrency index

Nasdaq submitted a request for a rule change before the Bag and Securities Commission (SEC) on June 2, 2025 to modify the cryptocurrency index. The proposal seeks to expand the indicator by incorporating four new digital assets: XRP, Solana (Sol), Cardano (ADA) and Stellar (XLM).

This change would allow the bottom quoted in the stock market (ETF), called Hashdex Nasdaq Crypto Index Us ETF, diversifying its exposure to cryptocurrencies, since the current regulatory restrictions limit their holdings to Bitcoin (BTC) and Ether (eth), the cryptocurrency of the Ethereum network.

The SEC will review the application and decide before November 2, 2025, according to the presentation. The document is signed by Samir Hachem, who acts as financial director of Hashdex, The company that organizes and manages the ETF of the cryptocurrency index.

The application, submitted under rule 19b-4, Underline the need to adapt the ETF to a dynamic cryptocurrency market. The inclusion of XRP, Sol, ADA and XLM responds to its growing relevance. XRP, for example, has strengthened its position after the judicial ruling that clarified that it is not a value title, while Sol and Ada leads in decentralized applications. XLM, meanwhile, maintains a presence in global transactions.

To date there are 9 cryptoactives within the Nasdaq index, including ETH, XRP, Sun, Ada, Link, Avax, LTC and UNI, in addition to Bitcoin, as seen in this graph:

Market professional analyst Willy Woo, criticized the decision in an X publication, arguing that Nasdaq should not include bitcoin in the same index as Altcoins as XRP, Sol, ADA and XLM.

According to Woo, BTC is a monetary product, while these cryptocurrencies are only “programming platforms without trust.” In his opinion, Mixing them in this index lacks precision.

Hashdex Nasdaq Crypto Index ETF has shown solid performance, with an accumulated yield of 54.8% in four yearsaccording to the data published by HASHDEX. This ETF, which replicates the Nasdaq Crypto Index (NCI), offers a diversified exhibition to digital assets. In addition, its sampling strategy has allowed close monitoring of the NCI, with a minimum monitoring error.

This performance reflects the capacity of the ETF to capture the global market movement, benefiting from the marketing of the index market, which positions it as an attractive option for institutional investors that seek diversification in the cryptoactive sector.