#NasdaqETFUpdate

Here's the latest update on the Nasdaq ETF:

## Nasdaq ETF News

- *Nasdaq Files Proposal with SEC*: Nasdaq has submitted a rule change proposal to the SEC to expand the Hashdex Nasdaq Crypto Index US ETF to include a broader range of altcoins, such as XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM).

- *Potential Approval Date*: The SEC is expected to decide on this proposal by November 2, 2025, which could allow the ETF to invest directly in these cryptocurrencies.

- *Current Holdings*: Although the ETF's benchmark index has expanded, it currently only holds Bitcoin (BTC) and Ethereum (ETH) due to regulatory restrictions.

## Impact on Cryptocurrency Market

- *XRP Price Surge*: The news has contributed to a 3% price rally for XRP, with predictions suggesting a potential breakout above $2.50 and possibly reaching $2.80 in the short term.

- *Increased Institutional Interest*: The proposed ETF expansion could attract more institutional investors, potentially driving growth in the cryptocurrency market ¹ ² ³.

## Key Dates to Watch

- *June 17, 2025*: A critical deadline in the Ripple vs. SEC lawsuit, which could determine the outcome of the case and impact XRP's price.

- *November 2, 2025*: The expected decision date for the SEC's approval or rejection of Nasdaq's proposal ³.