On November 2, 2025, the Nasdaq recently submitted an application to the U.S. Securities and Exchange Commission (SEC) to include XRP, Solana (SOL), Cardano (ADA), and Stellar (XLM) in its cryptocurrency index (NCI), aiming to expand the coverage of the Hashdex Nasdaq Cryptocurrency Index U.S. ETF (NCIQ). If approved, the ETF will shift from tracking only Bitcoin (BTC) and Ethereum (ETH) to including nine major cryptocurrencies, providing a broader exposure to digital assets. Market analysts believe this move could drive institutional funds into the altcoin market, enhance liquidity, and further promote the integration of cryptocurrencies with traditional finance.