The Nasdaq Crypto US Settlement Price Index (NCIUS) was updated on June 2 to include four new cryptocurrencies: Solana ($SOL), Cardano ($ADA), Stellar ($XLM), and XRP ($XRP). Earlier, it had only included $BTC and $ETH.
While this is great news for the development of the broader crypto market, it ‘s caused an issue for the Hashdex Nasdaq Crypto Index US ETF (NCIQ). This ETF tracks the NCIUS index to provide weighted exposure in $ETH and $BTC.
Until now, it could replicate the index with precision and minimum divergence. However, even though the composition of NCIUS has now changed, the ETF isn’t permitted to track any assets other than Bitcoin and Ethereum. This has caused a mismatch between the fund’s objective and the index it is tracking.
NASDAQ has submitted a proposal to let NCIQ track the Nasdaq Crypto Index (NCI) instead of the current NCIUS. The NCI index also includes $SOL, $ADA, $XLM, and $XRP, as well as $LINK, $LTC, and $UNI.
The SEC is expected to respond by November 2, 2025. In any case, there’s no denying Wall Street is now adopting a more inclusive approach to crypto, looking at assets other than Bitcoin and Ethereum.
Bitcoin is a Great Buy Even at $106K
In other pro-crypto developments, John Deaton, an ace Bitcoin investor and XRP supporter, took to X to voice his analysis that $BTC ‘s a safer buy at $106K than it was at $20K.’ He believes that the risk-to-reward ratio is more favorable now than when Bitcoin was trading much lower.
Deaton also said that the current macroeconomic conditions will gradually undermine people’s confidence in fiat currencies. For example, growing national debt and exorbitant tariffs are big red flags for the cash economy.
In such a scenario, ‘digital gold’ emerges as a clear alternative.
- First, $BTC’s supply is limited, so corporations and governments can’t manipulate it.
- Secondly, companies and countries, both large and small, are racing to add Bitcoin to their balance sheets, pushing up the price.
Michael Saylor’s Strategy, for instance, now owns more than 580K $BTC, and 16 firms added it to their balance sheets just last week.
Governments across the board, like Ireland, Pakistan, and Ukraine, are considering creating their own Bitcoin reserves after the US announced it would pursue one.
All these signals show that Bitcoin is here to stay and only goes from strength to strength. If you, too, are keen on milking $BTC to the last possible drop, we’d like to introduce you to BTC Bull Token.
What Is BTC Bull Token?
BTC Bull Token ($BTCBULL) has taken a simple idea – to cheer on the greatest digital asset, Bitcoin – and transformed it into one of the best meme coins on the market right now.
With a muscular bull as its mascot and a website theme that mimics Bitcoin’s bright gold color, BTC Bull Token wears its Bitcoin bullish badge with pride.
According to its whitepaper, it’s ‘the unstoppable force pushing Bitcoin towards $1M+.’
It does this by being the ONLY crypto today offering free (and completely legitimate) $BTC to its token holders.
Every time Bitcoin claims a new major milestone, like $150K and $200K, $BTCBULL holders who have stored their tokens in Best Wallet will stand a chance to earn real Bitcoins.
Note: the $BTC amount you receive will depend on the number of $BTCBULL tokens you bought in the Community Sale. Also, subscribe to BTC Bull Token’s social media (X and Telegram) for updates about the airdrop events, as you’ll have to opt in to qualify.
Burn Tokens, Create Hype, and Enjoy Profits
The developers have done everything to ensure the project’s success, including using a deflationary approach, also known as a token burn mechanism, which sees the project shaving off a part of the total token supply to push the price.
These ‘token burn’ events will take place every time Bitcoin’s price increases by $50K, starting from $125K.
Incentives like these, combined with a chunky 40% of the total supply reserved for PR and marketing, suggest BTC Bull Token could become one of the top trending cryptos after its launch.
$BTCBULL Is Currently Cheaper than It Will Ever Be
Hell-bent on backing Bitcoin to $1M and beyond? Get BTC Bull Token!
That’s aside from the chance to win real $BTC (currently worth over $105K) if you’re a $BTCBULL owner.
The good news is the token is still in presale, meaning you can grab it for just $0.002555. The project has already raised around $7M in early investor funding and is raring to go once it launches. You can read all about it in our What is BTC Bull Token guide.
More Cryptos Go Mainstream, but $BTC Remains the Greatest
New ETFs supporting modern cryptocurrencies like Solana and XRP represent a healthy diversification in the market, but the fact remains, there’s only one Bitcoin.
That said, make sure to do your own research before investing. The market is unpredictable, and none of the above is financial advice.
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
The Nasdaq Crypto US Settlement Price Index (NCIUS) was updated on June 2 to include four new cryptocurrencies: Solana ($SOL), Cardano ($ADA), Stellar ($XLM), and XRP ($XRP). Earlier, it had only included $BTC and $ETH.
While this is great news for the development of the broader crypto market, it ‘s caused an issue for the Hashdex Nasdaq Crypto Index US ETF (NCIQ). This ETF tracks the NCIUS index to provide weighted exposure in $ETH and $BTC.
Until now, it could replicate the index with precision and minimum divergence. However, even though the composition of NCIUS has now changed, the ETF isn’t permitted to track any assets other than Bitcoin and Ethereum. This has caused a mismatch between the fund’s objective and the index it is tracking.
NASDAQ has submitted a proposal to let NCIQ track the Nasdaq Crypto Index (NCI) instead of the current NCIUS. The NCI index also includes $SOL, $ADA, $XLM, and $XRP, as well as $LINK, $LTC, and $UNI.
The SEC is expected to respond by November 2, 2025. In any case, there’s no denying Wall Street is now adopting a more inclusive approach to crypto, looking at assets other than Bitcoin and Ethereum.
Bitcoin is a Great Buy Even at $106K
In other pro-crypto developments, John Deaton, an ace Bitcoin investor and XRP supporter, took to X to voice his analysis that $BTC ‘s a safer buy at $106K than it was at $20K.’ He believes that the risk-to-reward ratio is more favorable now than when Bitcoin was trading much lower.
Deaton also said that the current macroeconomic conditions will gradually undermine people’s confidence in fiat currencies. For example, growing national debt and exorbitant tariffs are big red flags for the cash economy.
In such a scenario, ‘digital gold’ emerges as a clear alternative.
- First, $BTC’s supply is limited, so corporations and governments can’t manipulate it.
- Secondly, companies and countries, both large and small, are racing to add Bitcoin to their balance sheets, pushing up the price.
Michael Saylor’s Strategy, for instance, now owns more than 580K $BTC, and 16 firms added it to their balance sheets just last week.
Governments across the board, like Ireland, Pakistan, and Ukraine, are considering creating their own Bitcoin reserves after the US announced it would pursue one.
All these signals show that Bitcoin is here to stay and only goes from strength to strength. If you, too, are keen on milking $BTC to the last possible drop, we’d like to introduce you to BTC Bull Token.
What Is BTC Bull Token?
BTC Bull Token ($BTCBULL) has taken a simple idea – to cheer on the greatest digital asset, Bitcoin – and transformed it into one of the best meme coins on the market right now.
With a muscular bull as its mascot and a website theme that mimics Bitcoin’s bright gold color, BTC Bull Token wears its Bitcoin bullish badge with pride.
According to its whitepaper, it’s ‘the unstoppable force pushing Bitcoin towards $1M+.’
It does this by being the ONLY crypto today offering free (and completely legitimate) $BTC to its token holders.
Every time Bitcoin claims a new major milestone, like $150K and $200K, $BTCBULL holders who have stored their tokens in Best Wallet will stand a chance to earn real Bitcoins.
Note: the $BTC amount you receive will depend on the number of $BTCBULL tokens you bought in the Community Sale. Also, subscribe to BTC Bull Token’s social media (X and Telegram) for updates about the airdrop events, as you’ll have to opt in to qualify.
Burn Tokens, Create Hype, and Enjoy Profits
The developers have done everything to ensure the project’s success, including using a deflationary approach, also known as a token burn mechanism, which sees the project shaving off a part of the total token supply to push the price.
These ‘token burn’ events will take place every time Bitcoin’s price increases by $50K, starting from $125K.
Incentives like these, combined with a chunky 40% of the total supply reserved for PR and marketing, suggest BTC Bull Token could become one of the top trending cryptos after its launch.
$BTCBULL Is Currently Cheaper than It Will Ever Be
Hell-bent on backing Bitcoin to $1M and beyond? Get BTC Bull Token!
That’s aside from the chance to win real $BTC (currently worth over $105K) if you’re a $BTCBULL owner.
The good news is the token is still in presale, meaning you can grab it for just $0.002555. The project has already raised around $7M in early investor funding and is raring to go once it launches. You can read all about it in our What is BTC Bull Token guide.
More Cryptos Go Mainstream, but $BTC Remains the Greatest
New ETFs supporting modern cryptocurrencies like Solana and XRP represent a healthy diversification in the market, but the fact remains, there’s only one Bitcoin.
That said, make sure to do your own research before investing. The market is unpredictable, and none of the above is financial advice.
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
