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XRP in NASDAQ Crypto Index Tagged ’Trustless Programming’ Inclusion by Willy Woo

Published 2025-06-09, 06:05 a/m
Updated 2025-06-09, 11:15 a/m
XRP in NASDAQ Crypto Index Tagged ’Trustless Programming’ Inclusion by Willy Woo

XRP in NASDAQ Crypto Index Tagged ’Trustless Programming’ Inclusion by Willy Woo

U.Today - Nasdaq’s decision to submit a proposal to the Securities and Exchange Commission (SEC) seeking to update the Nasdaq Crypto Index (NCI) has received criticism. Willy Woo, a top analyst in the crypto space, opines that categorizing XRP with Bitcoin (BTC) is a flawed decision.

Willy Woo calls for rethink over Nasdaq’s proposal on adding XRP

For clarity, Nasdaq proposes updating the NCI to include XRP, Solana, Stellar and Cardano in the list of assets in the Hashdex Nasdaq Crypto ETF (NCIQ).

In a post on X, Woo argues that Bitcoin should not exist in the same category as these other assets like XRP. He insists that Bitcoin is a monetary commodity just like gold, although it is digital and decentralized.

The analyst maintains that Bitcoin is a store of value like gold and has a fixed supply.

In contrast, Woo considers most other altcoins, like XRP, to be trustless programming platforms for executing smart contracts and building decentralized applications.

He insists that Nasdaq’s application to the SEC to include XRP in the same category as Bitcoin in one benchmark index misses a vital point. That is, the key difference between "money" and "tech platforms."

Woo: Remove Bitcoin from Nasdaq Crypto Index

Woo suggests that a better approach would have been removing Bitcoin from the index altogether.

"If NASDAQ was sophisticated it would have also submitted to REMOVE BTC from the crypto benchmark index," he wrote.

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This implies that the Nasdaq should have created a different category for Bitcoin as a monetary asset to distinguish it from the tech platforms.

The top analyst highlights that mainstream institutions like Nasdaq and investors are still in the early stages of understanding Bitcoin’s unique role in the digital currency ecosystem.

As of press time, XRP was trading up by 0.72% at $2.23 while Bitcoin exchanged at $105,659.64, representing a 1.78% increase in the last 24 hours.

This article was originally published on U.Today

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Latest comments

Matt ChewJun 09, 2025, 23:06
It’s wild how people still cling to this idea that Bitcoin is the only asset that belongs in a serious crypto index. That kind of thinking ignores how the landscape has evolved. Bitcoin isn’t the future of money—it’s a monument to the past. It’s slow, expensive, and non-scalable by design. Great for storing value, maybe—but useless for real-world transactions. XRP isn’t trying to be Bitcoin. It’s already what Bitcoin was supposed to be: fast, cheap, borderless money. The XRP Ledger settles in 3-5 seconds, handles 1,500+ tx/sec, and costs a fraction of a cent per transfer. It doesn’t rely on miners, wasting energy. It uses a consensus protocol, not proof-of-work. And when it comes to real-world relevance: XRP is already being used by banks, remittance firms, and payment providers worldwide. It’s positioned for institutional settlement, CBDC interoperability, and global FX corridors. It has regulatory clarity that makes it more investable than most coins in the top 20. The idea that XRP shouldn’t be in a top-tier index is backwards. If anything, Bitcoin should be in its own legacy category—digital gold for speculation—while real utility assets like XRP lead the way for actual adoption. Not everything in crypto needs to be a glorified vault. Some assets are here to move trillions, not just sit and “store value” while the world moves on without them.
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