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10 June | Other

Nasdaq expands underlying index to include Solana and other digital assets

ADAUSD
SOLUSD
XRPUSD
Nasdaq expands underlying index to include Solana and other digital assets

Nasdaq has formally updated the composition of its benchmark index through the US Securities and Exchange Commission (SEC) Form 8-K filing for the Hashdex Nasdaq Crypto Index US ETF (NCIUS). The revised index now incorporates four additional cryptocurrencies: Solana (SOL), Cardano (ADA), Stellar Lumens (XLM), and XRP, as reported by The Street.

The exchange emphasized that this modification represents a meaningful advancement in cryptocurrency representation within institutional investment vehicles. However, due to existing regulatory constraints, the ETF tracking the NCIUS index will maintain its current holdings limited to Bitcoin and Ethereum.

The disclosure was made via Form 8-K, the standard regulatory filing companies use to communicate material events to investors, according to The Street's coverage.

Elizaveta Kuzmicheva MarketCheese

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