{"id":30944,"date":"2025-06-09T13:16:33","date_gmt":"2025-06-09T13:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30944"},"modified":"2025-06-09T13:16:33","modified_gmt":"2025-06-09T13:16:33","slug":"xrp-and-solana-added-to-nasdaq-crypto-index-market-expansion-imminent","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30944","title":{"rendered":"XRP and Solana Added to Nasdaq Crypto Index: Market Expansion Imminent?"},"content":{"rendered":"
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The Nasdaq Crypto US Settlement Price Index (NCIUS) was updated on June 2 to include four new cryptocurrencies: Solana ($SOL), Cardano ($ADA), Stellar ($XLM), and XRP ($XRP). Earlier, it had only included $BTC and $ETH.<\/p>\n

While this is great news for the development of the broader crypto market, it \u2018s caused an issue for the Hashdex Nasdaq Crypto Index US ETF (NCIQ). This ETF tracks the NCIUS index to provide weighted exposure in $ETH and $BTC.<\/p>\n

Until now, it could replicate the index with precision and minimum divergence. However, even though the composition of NCIUS has now changed, the ETF isn\u2019t permitted to track any assets other than Bitcoin and Ethereum. This has caused a mismatch between the fund\u2019s objective and the index it is tracking.<\/p>\n

NASDAQ has submitted a proposal to let NCIQ track the Nasdaq Crypto Index (NCI) instead of the current NCIUS. The NCI index also includes $SOL, $ADA, $XLM, and $XRP, as well as $LINK, $LTC, and $UNI.<\/p>\n

The SEC is expected to respond by November 2, 2025. In any case, there\u2019s no denying Wall Street is now adopting a more inclusive approach to crypto, looking at assets other than Bitcoin and Ethereum.<\/p>\n

Bitcoin is a Great Buy Even at $106K<\/h2>\n

In other pro-crypto developments, John Deaton, an ace Bitcoin investor and XRP supporter, took to X to voice his analysis that $BTC \u2018s a safer buy at $106K than it was at $20K.\u2019 <\/a>He believes that the risk-to-reward ratio is more favorable now than when Bitcoin was trading much lower.<\/p>\n

Deaton also said that the current macroeconomic conditions will gradually undermine people\u2019s confidence in fiat currencies. For example, growing national debt<\/a> and exorbitant tariffs are big red flags for the cash economy.<\/p>\n

\"Tarriffs<\/p>\n

In such a scenario, \u2018digital gold\u2019 emerges as a clear alternative.<\/p>\n