#NasdaqETFUpdate

The US Securities and Exchange Commission (SEC) has recognized the filing by Nasdaq to list the 21Shares SUI ETF, initiating the review process. This was highlighted in posts on X on June 10, 2025, indicating growing interest in ETFs linked to cryptocurrency assets. This move suggests that Nasdaq is expanding its ETF offerings to include emerging assets like SUI, a cryptocurrency, reflecting the trend of integrating crypto assets into traditional markets. Addition of Cryptocurrencies to the Nasdaq Crypto US Settlement Price Index (NCIUS): On June 7, 2025, Nasdaq added Cardano (ADA), Solana (SOL), Stellar (XLM), and XRP to its Nasdaq Crypto US Settlement Price Index (NCIUS), joining Bitcoin and Ethereum. This inclusion is seen as a significant step towards the potential approval of ETFs based on these cryptocurrencies. Posts on X suggest that this could facilitate the creation of spot ETFs for these assets in less than 12 months, elevating their status due to a strong data track record. This reflects the growing interest in cryptocurrency ETFs, with Nasdaq playing a central role in tracking and legitimizing these assets.