Hexdex Expands Crypto ETFs with SEC Approval, Adding New Assets Including XRP and SOL

Following the approval of new listing standards by the U.S. Securities and Exchange Commission (SEC), Ripple (XRP) and Solana (SOL) will be newly included in the cryptocurrency ETF managed by Hexdex.
The range of eligible assets has been expanded. On the 25th (local time), The Block reported that the "Hashdex" jointly operated by Hexdex and Nasdaq Global Index
The Nasdaq Crypto Index US ETF (NCIQ) will include Stellar Lumens (XLM), in addition to Bitcoin and Ethereum, following the SEC's new standard approval.
The new cryptocurrency exchange-traded fund (ETF) will allow the inclusion of XRP and Solana. Some believe that this move will accelerate the creation of diverse cryptocurrency funds and pave the way for dozens of ETFs to appear on the market.
NCIQ initially only supported Bitcoin and Ethereum, but a statement released on the 25th officially revealed the addition of Stellar, Ripple, and Solana.
"Following recent regulatory changes and approval of listing standards, NCIQ will expand from today," Hexdex Chief Investment Officer Samir Kerbage said in a statement.
"We will continue to be flexible as new assets meet the index and listing requirements," the SEC said. Last week, the SEC approved proposed changes to listing standards submitted by three exchanges.
These regulations relate to the trading and listing of stocks in a stock exchange based on raw materials. With this approval, multiple cryptocurrency ETF applications will become effective and the time until actual trading commences will be significantly shortened.
It is expected to be reduced.