Nasdaq updated its Crypto Index to include XRP, Stellar (XLM), Solana (SOLCardanoADA).
Nasdaq’s Crypto-US Index (NCIUS), which measures the performance “of a material portion” According to the Nasdaq Global Indexes, the total digital asset market is approximately $1.5 trillion. website.
The index initially tracked Bitcoin only (BTCEthereum (ETHIt added four other crypto-assets earlier in the month.
Hashdex, a finance firm called attention The Securities and Exchange Commission has filed a notice of the changes.
Due to SEC restrictions, the firm only offers exchange-traded funds (ETFs) which track the NCIUS. However, it is limited to BTC or ETH.
Hashdex claims to have implemented an a “sampling strategy” It is important to maintain a balance between BTC and ETH to ensure that investors are exposed to an accurate NCIUS. However, because the company cannot track all the assets included in the NCIUS it also warns of the additional risk associated with a tracking error.
Nasdaq, in March filed a SEC rule change to permit Hashdex ETFs to switch their benchmark indexes from NCIUS (National Commodity Index) to the Nasdaq Crypto Index The NCI, which owns all of these crypto assets and Litecoin as well (LTC), Uniswap (UNIChainlink (LINK).
SEC currently reviews the proposed rule changes and will make a final decision in November.
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