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Coinwy > Blog > Crypto > Nasdaq Proposes Expansion of Crypto Index with XRP, Solana, Cardano, and Stellar Lumens
Crypto

Nasdaq Proposes Expansion of Crypto Index with XRP, Solana, Cardano, and Stellar Lumens

Thiago Alvarez
Last updated: June 9, 2025 10:36 am
Thiago Alvarez
Published: June 9, 2025
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Key Takeaways:

  • Nasdaq files for crypto index expansion.
  • Includes XRP, SOL, ADA, XLM.
  • Pending SEC decision by Nov 2, 2025.

The addition of these assets to the Nasdaq index matters due to potential expanded institutional access to altcoins if the SEC approves.

Nasdaq, Inc. and Hashdex have filed with the SEC to add four cryptocurrencies to their benchmark index, impacting their ETF’s scope. The proposal is awaiting regulatory approval.

The proposed expansion involves increasing the ETF benchmark from five to nine assets, incorporating XRP, Solana, Cardano, and Stellar alongside existing tokens. The changes could pave the way for increased institutional investment opportunities.

Market reactions have been mixed, with XRP rising slightly in value post-announcement, while Cardano continued its decline. These responses highlight the speculative nature of crypto markets facing potential regulatory changes.

Financially, the expansion could broaden investment strategies for funds tracking the index, provided the regulatory environment supports new inclusions. Institutions await the potential diversification benefits these assets might offer.

As crypto markets evolve, the proposal underscores a shift in institutional interest towards altcoins beyond Bitcoin and Ethereum. This move by Nasdaq is seen as a sign of increasing confidence in the crypto sector’s maturity.

If approved, the expansion could trigger notable shifts in investment patterns. Historical trends suggest these additions lead to trading volume surges and price shifts. Institutional acceptance could further drive long-term growth within the cryptocurrency ecosystem.

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