The Nasdaq has updated its crypto index to include XRP, Stellar (XLM), Solana (Sol) and Cardano (ADA).
The NASDAQ Crypto US (NCIUS) index aims to measure the “material part” performance of the global digital asset market, according to the NASDAQ global indices website.
The index initially followed Bitcoin (BTC) and Ethereum (ETH), but earlier this month, it added the other four cryptographic assets.
Financial company Hashdex has drawn attention to the change in a new file with the Securities and Exchange Commission (SEC).
The company offers a negotiated stock market (ETF) which follows the NCIUS, but it can only contain BTC and ETH due to the dry restrictions on the product.
Hashdex says he has implemented a “sampling strategy” to balance the BTC and the ETH holdings to provide investors with a precise exposure to the NCIU, but because it cannot follow the other assets of the index, the company also notes that there is an additional risk of potential monitoring error.
In March, the NASDAQ deposited with the SEC a change of rule which allowed the Hashdex ETF to modify its NCIUS reference index to the Crypto Nasdaq (NCI) index, which contains the six of the six crypto-mentioned (UNI) and Link (Link) assets.
The SEC is currently examining the proposed change of rule and is expected to make a decision by November.
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