XRP Enters Nasdaq US Crypto Settlement Price Index

 XRP successfully entered the Nasdaq US Crypto Settlement Price Index, marking a significant step towards institutional adoption of the crypto.

Reporting from News.bitcoin.com, Monday (6/9/2025) XRP on June 6, 2025 was included in the Nasdaq Index Redesign, through the filing of the Hashdex Nasdaq Crypto Index US ETF innovation to the US Securities and Exchange Commission (SEC), which measures the revision of its index reference.

The document notes that Nasdaq Inc. is reconfiguring the Nasdaq US Crypto Settlement Price Index (NCIUS) on June 2, 2025, expanding its composition beyond Bitcoin (BTC) and Ethereum (ETH) to include four additional digital assets.

“Commencing on June 2, 2025, the Index will introduce additional index constituents (cardano (ADA), solana (SOL), stellar lumens (XLM) and XRP (XRP),” the filing said.

The ETF, which trades under the ticker symbol NCIQ, provides market-cap-weighted exposure to Bitcoin and Ethereum in a regulated exchange-traded framework.

The ETF also tracks the Nasdaq US Crypto Settlement Price Index, which employs a rules-based methodology that allows for the inclusion of new digital assets over time.

While the index’s asset base has expanded, existing regulatory restrictions prohibit the Hashdex ETF from holding cryptos other than Bitcoin and Ethereum.

As a result, the ETF cannot replicate the expanded index, creating a risk of performance divergence.

The exclusion of newly included assets creates the potential for increased tracking error, given the mismatch between the fund’s holdings and the benchmark.

The SEC filing explicitly underlines that divergence. Under current regulatory restrictions, the Trust is only permitted to hold bitcoin and ether, and is not permitted to hold new index constituents, and thus increases the risk of potential tracking error.

Then on March 7, 2025, Nasdaq filed a separate rule change proposal with the SEC, seeking permission for the ETF to adopt the broader Nasdaq Crypto Index (NCI) as its official benchmark.

The index includes BTC, ETH, XRP, SOL, ADA, XLM, along with chainlink (LINK), litecoin (LTC), and uniswap (UNI). Notably, XRP was added to the NCI on June 3, 2024.

If the SEC approves the change, the ETF would also be authorized to hold all of the index’s constituents. The agency’s final determination is scheduled for November 2, 2025.

As previously reported, the surprising prediction from the XRP support community has created a heated discussion among crypto investors.

Some of them even believe that XRP could soar to USD 250 per coin or equivalent to IDR 4.1 million (assuming an exchange rate of IDR 16,569 per US dollar. This value is more than 100 times the current price.

Reporting from Yahoo Finance, based on data from Kraken, when this news was written, XRP was trading at USD 2.55, experiencing a decrease of around 0.55% in the last 24 hours.

Although it sounds fantastic, this USD 250 price prediction continues to be echoed. One of the figures who voiced the potential for this big increase is Raoul Pal, a well-known macro investor and founder of Real Vision Group.

He believes that a massive recovery of the crypto market is in sight, along with the decline in global liquidity and increasingly loose monetary policy.