Will XRP and Solana Be Included in the Crypto Asset Benchmark Index?… Nasdaq Submits Document to the SEC

Uk Jin

Summary

Nasdaq reportedly submitted a rule change application to the U.S. Securities and Exchange Commission (SEC) to include altcoins such as XRP and Solana in its crypto asset benchmark index.
It was stated that, if the rule change is approved, these altcoins could be included in the NCIQ ETF following Bitcoin and Ethereum.
The media outlet assessed that if the SEC approves the amendment, institutional investor trust and market exposure to altcoins could increase.

Attention is focused on whether altcoins such as XRP will be included in Nasdaq’s crypto asset (cryptocurrency) benchmark index.

According to Bitcoin.com News on the 8th (local time), Nasdaq submitted a rule change application to the Securities and Exchange Commission (SEC) on the 6th, outlining plans to include altcoins such as XRP, Solana (SOL), ADA, and Stellar Lumens (XLM) in its crypto asset benchmark index.

In particular, if this rule change is ultimately approved, those altcoins could be included in the Hashdex Nasdaq Crypto Index ETF (NCIQ), following Bitcoin (BTC) and Ethereum (ETH).

Meanwhile, the SEC’s final decision date on the proposed rule change is scheduled for November 2. The media outlet assessed that “If the proposal is approved, institutional investor trust in and market exposure to altcoins such as XRP could increase.”