- Nasdaq has added XRP and other assets to its benchmark crypto index.
- XRP’s speculative market interest increased after positive updates.
The Nasdaq exchange has potted with Securities and Exchange Commission (SEC) to broaden its benchmark for crypto assets.
Exchange’s Benchmark Index, Nasdaq Crypto Index (NCI), would add Ripple (xrp)The Solana (sun)The Stellar lumens (xlm)and Cardano (there).
Nasdaq Crypto Index End Game
In addition to these assets, the index traces others as Bitcoin (BTC) and Ethereum (ETH), giving the total crypto assets to nine.
Noteworthy exploited Hashex Nasdaq Crypto Index This benchmark but was approved to hold only BTC and ETH due to legislative restrictions.
The issuer has sought the permission of the supervisory authority to extend to other assets. SEC’s decision deadline for the same is scheduled for November 2, 2025.
A similar Bitwise 10 Crypto Index ETF application’s fate will be known on July 31st. But how has the individual ETF gone compared to individual assets such as XRP or BTC?
Source: Crypto Index ETF Performance, Tradingview
This year to one year (YTD), XRP was reduced by about 3%, while BTC increased by 14%. However, for Select Crypto Index ETFs, an average of 5% or lower during the same period was.
Noteworthy was the Coinbase 50 index (COIN50) decreased by 4%, while Bitwise 10 Crypto Index ETF lost 3.5%.
However, the Nasdaq Crypto Index and Nasdaq Hashex Crypto Index increased by 4% and 5%.
Overall, the ETFs were able to offer the best exposure at low risk above several crypto assets, but the general return was lower compared to certain selected underlying assets.
That said, the update also followed another positive announcement of Ripples Partnership with a web lounge to support the digital asset ecosystem in Japan.
Overall, the development of the XRP’s speculative interest as open interest (OI) hoped to $ 4.1 billion for the first time in June.
Source: Coinglass
This emphasized a short -term causal feeling. On the price diagrams, XRP bounced 4% from $ 2.1 to $ 2.3 but seemed to consolidate over the most important moving average values and short -term delivery zone to $ 2.3.
If $ 2.3 is supported, XRP Trend may higher to $ 2.4 or $ 2.5, which can potentially offer a 6% -10% profit.
On the contrary, a price rejection of $ 2.3 can embolism short sellers to pull XRP back to $ 2.0 again.
Source: XRP/USDT, Tradingview
