Mehab Qureshi
2 min read
Nasdaq confirms XRP, SOL, ADA, and XLM in benchmark index via new SEC filing originally appeared on TheStreet.
Nasdaq has officially filed an SEC Form 8-K for the Hashdex Nasdaq Crypto Index US ETF, confirming it has reconstituted its benchmark index to include four new digital assets: Cardano (ADA), Solana (SOL), Stellar Lumens (XLM), and XRP.
These coins are now part of the Nasdaq Crypto US Settlement Price Index (NCIUS), which the ETF uses as its benchmark.
According to the filing dated June 2, this update marks a significant step toward broader crypto representation in institutional investment products. However, despite the change, the Trust will continue to hold only Bitcoin and Ethereum for now, due to its existing listing restrictions.
“Notwithstanding the changes to the NCI US, the Trust will continue to hold only BTC and ETH… due to the limitations of the Trust’s currently approved listing rule,” the filing states.
The update was disclosed in a Form 8-K, a standard filing companies use to inform investors of major events that shareholders should know about. In this case, it included the resignation of a key executive, as well as a major index reconstitution that may affect fund tracking performance.
The filing warns of tracking error risk, noting:
“Beginning on June 2, 2025, the Index introduced additional Index Constituents… Under current regulatory restrictions, the Trust is only permitted to hold bitcoin and ether… As a result, the Trust’s performance may be materially different from the performance of the Index.”
Nasdaq has also filed a proposed rule change (SR-NASDAQ-2025-009) with the SEC that would allow the ETF to formally change its benchmark to the broader Nasdaq Crypto Index™ (NCI), enabling it to hold all nine listed crypto assets including LINK, LTC, and UNI. A decision on that proposal is expected by November 2, 2025.
Nasdaq confirms XRP, SOL, ADA, and XLM in benchmark index via new SEC filing first appeared on TheStreet on Jun 9, 2025
This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared.
