On June 2, NASDAQ filed a rule change proposal with the U.S. Securities and Exchange Commission (SEC), seeking to expand the benchmark for the Hashdex NASDAQ Crypto Index US ETF (NCIQ).
Currently tracking only Bitcoin (BTC) and Ethereum (ETH), the updated exchange-traded fund (ETF) would instead follow the more inclusive NASDAQ Crypto Index (NCI), also comprising (XRP), Solana (SOL), and Cardano (ADA), among others.
The SEC is reviewing the proposal under Rule 19b-4 and has until November 2, 2025, to make a decision.
At press time, XRP is trading at $2.24, a modest 1.70% gain over the past 24 hours, and 5% as in the week since June 2, potentially fueled by optimism over potential index inclusion.
XRP 24-day price performance. Source: Finbold
Potential XRP ETFs
If approved, the fund could mark a significant step forward toward mainstream altcoin inclusion in regulated investment products. Recall that a federal court reaffirmed that XRP does not qualify as a security in Ap
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