#NasdaqETFUpdate

*Nasdaq ETF Update:*

- *New Filing:* Nasdaq recently submitted a proposal to launch a new ETF based on a cryptocurrency index consisting of the top 5 digital assets, namely Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Polygon (MATIC).

- *Index:* This index will be calculated based on the market capitalization and liquidity of the included digital assets.

- *Benefits:* This ETF is expected to provide investors with broader exposure to the cryptocurrency market and allow them to invest in digital assets more easily and securely.

- *Challenges:* However, this ETF also faces strict regulatory challenges and needs to obtain approval from the SEC before it can be launched.

*Assumptions:*

- *Market Capitalization:* The market capitalization of the top 5 digital assets is $1 trillion.

- *Liquidity:* The liquidity of these digital assets is expected to increase along with growing adoption and usage.

*Impact:*

- *Market:* The launch of this ETF is expected to increase interest from institutional and retail investors in the cryptocurrency market.

- *Price:* The prices of the digital assets included in the index are expected to rise as demand increases.