XRP enters the Nasdaq Crypto Index, boosting legitimacy. 
Inclusion may lead to an XRP-based ETF launch. 
Nasdaq expands index, adding XRP and others.

The integration of XRP into the Nasdaq Crypto Index is a turning point for the cryptocurrency. Recently, this was announced and will increase the number of included digital assets to include XRP among others. This decision signals an increasing acceptance of XRP in traditional financial markets.

The XRP cryptocurrency has been added to the Nasdaq Crypto US Settlement Price Index. Its rising prominence is reflected by this inclusion. It is an index that tracks settlement prices of various cryptocurrencies and serves as a benchmark for institutional investors.

There was a request submitted by the Nasdaq to broaden its cryptocurrency baseline. The new additions include XRP, Solana, Cardano, and Stellar alongside the existing five. The purpose of this adjustment is to improve the Hashdex Nasdaq Crypto Index US ETF with a deadline for the decision on November 2.

This, in turn, improves XRP’s visibility. The move may entice more investment, as the cryptocurrency is inducted into an elite index. This is stepping in line with the initiatives aimed at making digital assets part of mainstream finance.

The Potential of ETF Grows

The inclusion of XRP in the index also stokes speculation that a spot exchange traded fund (ETF) will be created on the backs of its exposure. The fact that the cryptocurrency has found a place in the Nasdaq framework indicates it is ready to use other financial tools. For investors, an ETF would offer exposure without requiring ownership.

According to Nasdaq’s filing, there is interest in diverse crypto products. The expansion of the proposed ETF includes XRP, responding to the demand for the various investment options. The development of this may speed through regulatory approvals.

There has been significant market movement in XRP. Adding it to the index, comes on the heels of increased futures and trust activity. This trend was underscored by recent filings for XRP based ETFs.

It is possible that Hashdex may make adjustments to the Nasdaq Crypto Index US ETF. But now that XRP is part, this is a more comprehensive crypto portfolio the fund could offer. The SEC has not yet ruled on this proposal and investors await it.

Market Implications

The status of XRP as an index improves its legitimacy. This would pull in institutional capital and hopefully stabilise its price. The market fluctuations have not made much of an impact on the cryptocurrency.

It is with bearing the growing utility of XRP that Nasdaq has finally taken this decision. It adds value to investors in the cross border payments. This further supports its case to go ahead with further financial integration.

This may increase the trading volume for XRP. It could in turn attract new participants. Increased liquidity might help the cryptocurrency’s market cap but at the same time it may also help Bitcoin’s market cap.

The post XRP Joins Nasdaq Crypto Index Boosting Hopes for ETF appeared first on Live Bitcoin News.

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Filed under: Bitcoin - @ June 9, 2025 5:15 pm