#纳斯达克加密ETF扩容 Nasdaq Crypto ETF Expansion, Crypto Market May Welcome New Changes

Recently, Nasdaq submitted an application to the U.S. Securities and Exchange Commission (SEC) to expand the Hashdex Nasdaq Crypto Index US ETF (NCIQ). If approved, it will bring many changes to the crypto market.

Expansion Details and Background

Currently, the index tracked by the NCIQ ETF primarily consists of five cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others. This time, Nasdaq proposed to include four additional cryptocurrencies: XRP, Solana (SOL), Cardano (ADA), and Stellar (XLM), expanding the types of digital assets tracked by the index to nine. This move closely follows the market's diversification investment trend and reflects the growing demand from institutional investors for different types of crypto asset allocation.

Impact of the Expansion

For Investors

1. Richer Investment Choices: By investing in this ETF, investors can indirectly hold a wider variety of cryptocurrencies, achieving diversification in asset allocation and reducing the risks of concentrated investments in Bitcoin and Ethereum. For example, Solana is known for its high transaction throughput and rapidly developing ecosystem, allowing investors to tap into this area through the ETF.

2. Lower Investment Barriers and Difficulty: There is no need to operate directly on multiple cryptocurrency trading platforms, reducing the technical challenges and security risks associated with managing multiple digital assets.

3. Increased Complexity of Investment Risks: While some risks are diversified, the newly added cryptocurrencies each face their own technical, market, and regulatory risks. For instance, XRP has been involved in legal disputes with the SEC, and its regulatory status remains uncertain, which could impact the overall performance of the ETF.

For the Cryptocurrency Market

1. Enhanced Market Liquidity: Once approved, more funds may flow into the newly added cryptocurrencies, enhancing their liquidity in the market. According to analysis, if the proposal materializes, it could attract over $10 billion in institutional funds, promoting the development of the altcoin market.

2. Increased Market Recognition: Being included in the Nasdaq Crypto ETF means these cryptocurrencies gain more compliance recognition, helping to attract traditional financial investors into the crypto market, accelerating