NASDAQ Files For Rule Change With SEC To Expand Nasdaq Crypto Index

Nasdaq filed a change of rule proposed to the dry on June 2, 2025 to extend its Index of Crypto Nasdaq (NCI) By adding Solana (ground), Ripple (XRP), Cardano (ADA) and Stellar Lumens (XLM) alongside the existing Bitcoin (BTC), Ethereum (ETH), ChainLink (link), Litecoin (LTC) and Uniswap (UNI). This aims to make the index, which serves as a reference for the Hashdex Nasdaq Crypto index US ETF (NCIQ)Reflecting the larger cryptography market more.

Currently, the ETF is limited to the outfit only BTC and ETH DDry EU, using a sampling strategy to approximate the performance of the index, which introduces risk of monitoring error. The SEC decision is expected by November 2, 2025. If it is approved, the ETF could invest in the nine assets, improving diversification and potentially stimulating institutional interest in these altcoins. @Merlijntrader On June 7, 2025, said that the SEC has already approved the update Nasdaq Crypto US Settlement Price Index (NCIUS) Including these altcoins, citing high liquidity and reliable prices.

However, this complaint comes into conflict with several sources indicating that the SEC decision is still pending until November 2, 2025. Given the inconsistency, the approval status is not concluding without official confirmation of the SEC. The inclusion of Solana (soil), Ripple (XRP), Cardano (ADA) and Stellar Lumens (XLM) in the Crypto Nasdaq (NCI) index has important implications for the cryptographic market, institutional investment and regulatory landscape. Adding Sol, XRP, ADA and XLM to the increasing NCI signals of the acceptance of altcoins beyond Bitcoin (BTC) and Ethereum (ETH) in consumer finance.

This could attract institutional investors looking for a diversified exposure to digital assets, such as the Nci Now covers around 78% of the market capitalization of cryptography, compared to 64%. Inclusion in a NASDAQ index improves the visibility and liquidity of negotiation for these altcoins, potentially reducing volatility and promoting price stability, as shown by BTC and ETH after APP. If the SEC approves Nasdaq’s proposal by November 2, 2025, the hashdex Nasdaq Crypto index US ETF (NCIQ) could contain the nine active ingredients of the NCI, reducing follow -up errors and aligning the ETF more closely with the wider crypto market.

This could create a precedent for multi-active crypto ETF in the United States, reports suggest immediate market reactions, with Sol, ADA, XLM and XRP See price overvoltages (for example, soil + 8.2% at $ 166, XRP + 7.1% to $ 2.30) after the announcement of deposit of June 2025, driven by the expectations of institutional entries. The proposal feeds speculations on an “Altcoin season”, where these assets could surpass the BTC and the ETH, as does the recent BTC BlackRock passage to Eth Holdings.

The involvement of the NASDAQ can strengthen the links between cryptographic and technological stock markets, increasing correlations and potentially amplifying market movements. The deposit tests the will of the dry to embrace altcoins, in particular after its cautious approach to non -BTC / ETH assets. Approval could point out an evolution towards a broader acceptance of cryptography, in particular the 2023 legal victory of the post-Ripple and a pro-Crypto regulatory environment under the direction of the new American management.

Approval can align FNB Crypto with more user-friendly jurisdictions in crypto, encouraging the global adoption of multi-active FNBs and stimulating activities on the channel such as milestone and challenge. XRP for cross -border payments, soil for evolutionary intelligent contracts, ADA for research focused on research and XLM for low -cost global transactions. Their inclusion validates these use cases, which has potentially led adoption in their respective niches.

Large players love Blackrock and loyalty May promote diversification, because it reduces risks and aligns with the growing demand for exposure to Altcoin. Approval could trigger similar deposits from the main asset managers, as indicated by Bloomberg James Seyffart. Certain retail investors, in particular the BTC and the ETH “Maxis”, express their concern that the inclusion of Altcoin dilutes the domination of these main assets. Articles X highlights the fears that BTC and ETH can lose their “unfair advantage” as altcoins acquire legitimacy.

Industry analysts and X Users think that potential dry approval, especially in a pro-Crypto administration, could open the way for more ETF supplies (for example, for Avx, Doge or Trump). Others warn that the historical prudence of the SEC, as President Gary Gensler noted, can delay or limit approval, in particular given the unresolved problems such as the status of XRP titles. Contradictory X messages (for example, @merlijntrader affirming approval in relation to reports indicating a pending decision) reflect uncertainty.

Limited to ETF BTC and ETHAmerican investors can benefit from a diversified exposure if they are approved, but make delays due to the SEC examination. Jurisdictions like Brazil, where Hashdex has already launched an ETF XRP, is ahead of Altcoin products, creating a fracture in access to diversified cryptography investments. The NASDAQ’s proposal to include Sol, XRP, ADA and XLM in the NCI is a central step towards altcoins in integration, promising institutional adoption, liquidity and increased market stability.

However, it creates a gap between institutional investors and detail, BTC / ETH Maxis and Altcoin defenders, regulatory optimists and skeptics, and US global markets. The SEC decision by November 2, 2025 will be essential to determine whether this trip folds or widens these shortcomings. Stakeholders must monitor price movements, public comments and regulatory updates to navigate emerging opportunities.