XRP has officially been added to a Nasdaq-listed multi-asset spot crypto ETF in the United States, signaling a significant regulatory advancement and offering streamlined access to major digital currencies for investors. Hashdex Asset Management Ltd. announced on September 25, 2025, that its Hashdex Nasdaq Crypto Index US ETF (ticker: NCIQ) has been expanded, describing it as “the first multi-asset spot crypto ETP in the United States.” Launched in February 2025, the ETF now operates under the SEC's generic listing standards, a regulatory framework that broadens eligibility for additional crypto assets.
ETF Expansion Details: BTC, ETH, XRP, SOL, XLM United
According to the announcement, NCIQ initially held only spot bitcoin (BTC) and ether (ETH), but now provides exposure to bitcoin, ether, XRP, solana (SOL), and stellar lumen (XLM). These five assets represent a combined market capitalization of over $3 trillion, all accessible through a single tradable product. Marcelo Sampaio, co-founder and CEO of Hashdex, stated: “Since 2018, Hashdex has been a market leader in crypto index products globally, and this signifies a major milestone in meeting the needs of U.S. advisors and investors looking to participate in the continued evolution of the crypto ecosystem.” He added: “The expansion of NCIQ will now provide investors access to bitcoin, ether, XRP, solana, and stellar all in one product, giving investors an easier way to participate in a fast-growing crypto industry.”
SEC Generic Listing Standards: A Key Regulatory Shift
An SEC filing clarified the basis for the new approval: “In reliance on the new generic listing rules … the Trust will be permitted to hold additional crypto assets that are constituents of the Nasdaq Crypto US Settlement Price Index (NCIUSS).” Accordingly, the Trust currently tracks BTC, ETH, SOL, XLM, and XRP, subject to quarterly rebalancing and the potential addition of new index constituents in accordance with index methodology and eligibility under the generic listing standards. The ETF received SEC approval for listing and trading on December 19, 2024, and began trading in February 2025. Its move to the generic listing framework reflects a regulatory shift aimed at expanding investor access. Custody is provided by Coinbase Custody and Bitgo Trust, with U.S. Bank Global Fund Services serving as administrator and Nasdaq overseeing the index and listing.
Industry Impact: The Era of Multi-Asset Crypto ETFs Accelerates
NCIQ's expansion is not an isolated event. Recently, the SEC also approved Grayscale CoinDesk Crypto 5 ETF (GDLC), the first U.S. multi-asset spot crypto ETP offering exposure to bitcoin, ether, XRP, solana, and cardano. Analysts believe that the SEC's adoption of generic listing standards will lower the regulatory hurdle for future crypto ETF issuances, paving the way for more index-based digital asset products to enter the mainstream. For XRP, inclusion in a Nasdaq-listed ETF marks a pivotal moment — after years of legal uncertainty stemming from the SEC's lawsuit against Ripple, XRP has now clearly been classified as a commodity, and compliant exposure channels are rapidly expanding. This development underscores the growing acceptance of digital assets within traditional financial infrastructure.