The SEC may soon approve spot ETFs for ADA, SOL, XLM, and XRP.
A recent NCIUS reconstitution could trigger the expected ETF approvals.
Spot ETFs could trigger an increased demand for affected cryptocurrencies.
A famous crypto commentator on X believes the US Securities and Exchange Commission (SEC) will soon approve several ETFs. According to the crypto personality, the SEC’s latest action, reconstituting the Nasdaq Crypto US Settlement Price Index, signals that the agency is close to multiple ETF approvals.
Breaking: #SEC approves @Nasdaq Crypto US Settlement Price Index (the “NCIUS”) to include $SOL $ADA $XLM and $XRP as of June 2nd.
Expect many crypto ETFs to get approved in the coming weeks on this alpha.
Index Reconstitution
Effective June 2, 2025, Nasdaq, Inc. (“Nasdaq”)… pic.twitter.com/eQhAAL44vj
— MartyParty (@martypartymusic) June 6, 2025
The SEC has published that, effective June 2, 2025, Nasdaq, Inc. (Nasdaq) reconstituted the Nasdaq Crypto US Settlement Price Index (the NCIUS), which currently serves as the benchmark index for the Trust. Following the reconstitution, the NCIUS now includes four additional digital assets: Cardano (AD…
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