๐ Nasdaq Crypto Index US ETF Update ๐
โถ๏ธThe Nasdaq Crypto Index US ETF is proposing a major update! ๐ Here's what's happening:
๐- Key Additions: ๐ค XRP (Ripple) ๐ธ, SOL (Solana) โก๏ธ, ADA (Cardano) ๐, and XLM (Stellar Lumens) โญ๏ธ would join Bitcoin (BTC) โฟ and Ethereum (ETH) ฮ in the Nasdaq Crypto Index.
๐- Proposal Status: ๐ Filed with the US SEC on June 2, 2025, with a decision expected by November 2, 2025. โฐ
๐- Impact on Crypto Market: ๐
๐- Increased Institutional Interest: ๐ฆ Broader exposure to the crypto market for investors.
๐- Mainstream Acceptance: ๐ Potential for more widespread adoption of digital assets.
๐ - Future Spot ETFs: ๐ Approval could pave the way for future spot ETFs tracking these digital assets.
๐ฉ This move aims to better represent the wider crypto market and provide investors with broader exposure to the crypto space. Stay tuned for more updates! ๐