SEC approves Nasdaq Crypto US Settlement Price Index
Includes SOL, ADA, XLM, and XRP
Clears a major hurdle for future spot altcoin ETFs
SEC Greenlights Nasdaq Crypto Index
In a significant development for the crypto market, the U.S. Securities and Exchange Commission (SEC) has approved the Nasdaq Crypto US Settlement Price Index. This new index includes major altcoins such as Solana (SOL), Cardano (ADA), Stellar (XLM), and Ripple’s XRP.
This move signals the SEC’s recognition of strong liquidity and transparent pricing mechanisms for these assets—an essential step for institutional involvement and regulatory clarity.
What This Means for Altcoin ETFs
Until now, one of the main regulatory hurdles for approving spot ETFs tied to altcoins was the lack of reliable pricing data. The new index addresses this by providing a trusted benchmark for settlement prices, similar to what was done previously for Bitcoin and Ethereum.
With this approval, the path is now clearer for potential spot ETFs for altcoins. Analysts suggest that, following the BTC and ETH ETF precedents, we could see the first altcoin ETFs—based on assets like SOL and ADA—within the next 12 months.
BREAKING:
SEC APPROVES NASDAQ CRYPTO US SETTLEMENT PRICE INDEX INCLUDING $SOL, $ADA, $XLM, AND $XRP.
HERE'S WHY THIS IS HUGE!
– SEC SIGNALS THESE ALTS HAVE STRONG LIQUIDITY & RELIABLE PRICING.
– REMOVES KEY OBSTACLE FOR SPOT ETF APPROVAL.
-FOLLOWS BTC/ETH PRECEDENT,… pic.twitter.com/9uogirFJhP
— Crypto Rover (@rovercrc) June 7, 2025
Strong Signal for Institutional Investors
The inclusion of SOL, ADA, XLM, and XRP on a regulated index also enhances their legitimacy in the eyes of institutions. It shows that these assets meet essential criteria like liquidity, reliability, and market depth—factors institutions weigh heavily before entering the crypto space.
This decision could trigger increased institutional inflows and investor confidence, possibly ushering in a new wave of adoption and market maturity for altcoins.
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