The Nasdaq Crypto Index just got a major upgrade! Four new cryptocurrencies – Solana (SOL), Cardano (ADA), Stellar (XLM), and XRP – were added on June 2nd. Before this, it only included Bitcoin (BTC) and Ethereum (ETH).
Index Changes Create ETF Issues
This is great news for the crypto market overall, but it caused a problem for a specific ETF (exchange-traded fund) called the Hashdex Nasdaq Crypto Index US ETF (NCIQ). This ETF tracks the Nasdaq Crypto Index, but it’s only allowed to invest in BTC and ETH. Now that the index includes other cryptos, the ETF can’t perfectly match it. To fix this, Nasdaq is asking the SEC to let the ETF track a different index that does
include the new additions (plus a few others like LINK, LTC, and UNI). The SEC’s decision is expected by November 2, 2025.
Bitcoin: A Safe Bet?
Meanwhile, some experts believe Bitcoin is a smart investment, even at its current price. John Deaton, a well-known Bitcoin investor, thinks Bitcoin is a better buy now than it was at much lower prices. He argues that growing national debt and other economic issues make Bitcoin, with its limited supply, a more attractive option. He points to the increasing number of companies and governments adding Bitcoin to their reserves as further evidence of its growing value.
Introducing BTC Bull Token
One project aiming to capitalize on Bitcoin’s success is BTC Bull Token ($BTCBULL). This meme coin aims to support Bitcoin’s growth and offers holders a chance to win free Bitcoin when Bitcoin hits certain price milestones. The token also uses a “burn mechanism,” reducing the total supply to potentially increase its value. It’s currently in presale, and the developers are investing heavily in marketing. They predict significant price increases in the coming years.
The Bottom Line
While new ETFs are diversifying the crypto market by including cryptos like Solana and XRP, Bitcoin remains a major player. BTC Bull Token is one project trying to ride Bitcoin’s wave, but remember to always do your own research before investing in any cryptocurrency. This information isn’t financial advice.
