Nasdaq has submitted a proposal to the Securities and Exchange Commission (SEC) for approval, aiming to broaden its crypto index benchmark beyond just Bitcoin and Ethereum. The Hashdex Nasdaq Crypto Index ETF (NCIQ) currently tracks the Nasdaq Crypto US Settlement Price Index (NCIUS), focusing on nine tokens including XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM). This proposed expansion aims to diversify the NCIQ’s holdings, potentially mitigating tracking error risks that arise from existing SEC regulations limiting ETFs to only Bitcoin and Ethereum. If approved by the SEC, this move could be a major step towards increasing the availability of crypto index products within U.S. markets.