XRP has officially rejoined the Bloomberg Galaxy Crypto Index (BGCI), securing the second-largest weight on the list while holding a third position.
Community commentator Digital Asset Investor (DAI) first called attention to the development. He pointed out that XRP, which had no place in the index in 2022, now ranks third overall and has overtaken both Solana and Cardano.
Specifically, data shows that XRP now boasts a weight above 14% on the index. Speaking on this, the community figure predicted that Bitcoin and Ethereum, each holding a weight of 35%, could shrink further in the future, giving XRP more market share.
Creation of the BGCI and XRP’s Exclusion
For context, the BGCI, created in August 2017 and launched in May 2018, acts as a benchmark that tracks the performance of the biggest cryptocurrencies traded in U.S. dollars.
Bloomberg manages the index in partnership with Galaxy Digital Capital Management. Each month, the index rebalances and resets its components, using market capitalization, calculated from an asset’s circulating supply and price, to set weightings.
According to Bloomberg, the rules ensure that no single cryptocurrency makes up more than 35% or less than 1% of the index. Meanwhile, between rebalances, the weights can temporarily move above or below these limits.
Importantly, Bloomberg noted that an asset must clear several hurdles to join the BGCI. Specifically, it needs to trade in U.S. dollar markets, avoid classification as a security by the U.S. SEC, and carry reliable pricing from at least two vetted sources verified by Digital Asset Research.
In addition, it must also rank within the top 25 cryptocurrencies by market value. The rules further include a three-month buffer period for entry or exit, but any asset that slips below the top 30 faces faster removal.
Notably, XRP appeared in the BGCI at its launch in 2018 but later disappeared without any public explanation. Market watchers believe Bloomberg took it out after the SEC filed its lawsuit against Ripple, claiming XRP was an unregistered security. Since the index bars assets flagged as securities, the lawsuit likely triggered XRP’s exclusion.
XRP Makes a Comeback
In his recent commentary, DAI showed that as of April 2022, the index’s target weights left out XRP. However, data confirms that Bloomberg maintained this exclusion in January 2024, even though a July 2023 court ruling clarified that XRP itself does not qualify as a security.
The ruling allowed major U.S. exchanges, including Coinbase, to bring XRP back to their platforms. Still, Bloomberg kept XRP off the list at that point. Instead, Bitcoin and Ethereum each held 35%, while Solana and Cardano received 10.49% and 4.76% respectively.
Notably, the latest update has changed this. As of August 2025, Bitcoin and Ethereum still hold the maximum 35% each, but XRP now takes 14.19%. This places it ahead of Solana at 7.56% and Cardano at 2.19%. Other cryptocurrencies in the index, including Sui, Chainlink, Avalanche, Stellar, Litecoin, and Bitcoin Cash, each hold 1%.
XRP’s current position at the third spot of the index reflects its current market standing. For context, XRP currently has a market cap of $176.2 billion, ranking it as the third-largest crypto asset. This is an impressive improvement from a year ago, when XRP ranked seventh, with a market cap of just $29.8 billion.
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