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A major move has come from Nasdaq concerning XRP and three big altcoins!
Interest in Bitcoin and altcoins has significantly increased recently, and a major move concerning XRP and three major altcoins came from the American giant exchange Nasdaq.
According to this, the technology exchange Nasdaq added four more altcoins to the cryptocurrency index, increasing the total number of assets from 5 to 9.
Accordingly, Nasdaq filed Form 8-K with the SEC to add four altcoins to its crypto index, namely XRP, Solana (SOL), Cardano (ADA), and Stellar (XLM).
If Nasdaq's application to the SEC for its reference index NCIUSS is accepted, the fund will be XRP, SOL, XLM, and ADA, excluding the (UNI) of Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Litecoin (LTC), and Uniswap.
Hashdex's ETF, which trades under the ticker NCIQ, also tracks this index and offers the ability to invest only in BTC and ETH due to regulations in the United States. Because the restrictions imposed by the SEC prevent the ETF from holding digital assets other than BTC and ETH.
However, if the SEC approves the application, Hasdex's NCIQ ETF will be able to invest in all 9 cryptocurrencies included in the index.
The SEC's final decision deadline will expire on November 2, 2025, and a decision needs to be made by this date.
*It is not investment advice.
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