XRP has made a significant return to the Bloomberg Galaxy Crypto Index (BGCI), now holding the second-largest weight on the list and securing third place overall. This noteworthy development was highlighted by community commentator Digital Asset Investor (DAI), who noted that XRP, which was absent from the index in 2022, has now outperformed other major cryptocurrencies such as Solana and Cardano.
Current data indicates that XRP commands a weight of over 14% within the index, while prominent assets Bitcoin and Ethereum each maintain a weight of 35%. DAI has suggested that the market dynamics may shift in the future, potentially allowing XRP to capture even more market share.
The BGCI, introduced in August 2017 and officially launched in May 2018, serves as a benchmark for tracking the performance of prominent cryptocurrencies traded in U.S. dollars. Bloomberg manages the index in collaboration with Galaxy Digital Capital Management. On a monthly basis, the index undergoes rebalancing to adjust its components based on market capitalization, which is determined by an asset’s circulating supply and price.
According to Bloomberg, specific rules dictate that no single cryptocurrency can account for more than 35% or less than 1% of the index. While the weights can fluctuate between rebalances, they are subject to these constraints. For a cryptocurrency to qualify for inclusion in the BGCI, it must trade in U.S. dollar markets, not be classified as a security by the U.S. SEC, and be priced reliably from at least two validated sources.
Additionally, to be eligible for the index, a cryptocurrency must rank within the top 25 by market value. The inclusion process incorporates a three-month period for any asset entering or exiting the index, albeit any asset dropping below the top 30 may be removed more swiftly.
XRP was included in the BGCI at its inception in 2018 but was subsequently excluded without public explanation. Market analysts speculate that this decision was influenced by the SEC’s lawsuit against Ripple, which classified XRP as an unregistered security—contradicting the index’s strict exclusionary guidelines for such assets.
Despite XRP remaining absent from the index, a significant ruling in July 2023 clarified that XRP itself is not classified as a security. This ruling led several major U.S. exchanges, including Coinbase, to reinstate XRP, but it didn’t prompt immediate reintegration into the BGCI.
In a noteworthy update for January 2024, the index still did not feature XRP, with Bitcoin and Ethereum holding 35% each, and Solana and Cardano at weights of 10.49% and 4.76%, respectively. However, recent adjustments have now seen XRP reclaim its place in the index.
As of August 2025, Bitcoin and Ethereum have sustained their maximum weights, but XRP’s recent inclusion at 14.19% places it above Solana, which now holds 7.56%, and Cardano at 2.19%. Other cryptocurrencies like Sui, Chainlink, Avalanche, Stellar, Litecoin, and Bitcoin Cash each possess a weight of 1%.
XRP’s resurgence within the BGCI reflects its substantial market position, currently boasting a market capitalization of $176.2 billion and ranking it as the third-largest cryptocurrency. This marks a remarkable recovery, considering it ranked seventh only a year prior, with a market cap of roughly $29.8 billion.
As the landscape of cryptocurrency continues to evolve, XRP’s journey back into the BGCI signifies its resilience and potential role in shaping market dynamics moving forward.
