Here's a new update from NAS:

Nasdaq Crypto Index Expansion

Nasdaq has filed a proposal with the SEC to expand its Crypto Index to include four new cryptocurrencies: XRP, Solana (SOL), Cardano (ADA), and Stellar (XLM). This move aims to provide investors with more diversified crypto exposure and track a wider range of cryptocurrencies.

Key Details

- *Proposed Addition*: XRP, SOL, ADA, and $XRP will be added to the index, joining existing constituents Bitcoin and Ethereum.

- *SEC Decision*: The SEC is expected to make a decision on this proposal by November 2, 2025.

- *Impact*: This expansion could enhance the Hashdex Nasdaq Crypto Index US ETF, reduce tracking errors, and provide investors with broader exposure to the crypto market.¹ ²

Market Reaction

The announcement has generated optimism in the crypto market, with some predicting potential price surges for the included cryptocurrencies. $XRP, in particular, has shown strong market interest, with a 7% price increase over the last six months.

Other News

- *Coinbase Update*: Coinbase announced a proposed private offering of $2.0 billion of convertible senior notes, which may offer additional investment opportunities.

- *SEC's "Project Crypto"*: The SEC has unveiled "Project Crypto" to boost blockchain integration in financial markets, potentially driving institutional adoption.³ ⁴$BTC #BinanceHODLerPROVE #BTCUnbound #BuiltonSolayer #BTCReserveStrategy