ADA joins SEC-approved expanded Nasdaq Crypto Index with other major altcoins.
ETF shift allows broader market representation, improving visibility for ADA and peers.
Final SEC decision by November 2025 could boost ADA’s institutional adoption.
Cardano (ADA) has caught a tailwind. The U.S. Securities and Exchange Commission approved Nasdaq’s proposed crypto index expansion, and ADA now rides alongside heavyweights like Bitcoin and Ethereum. This decision not only gives ADA more visibility but also signals growing acceptance of altcoins in mainstream financial markets. Investors who once eyed ADA with caution may soon see it as a core player. The crypto landscape just shifted—here’s what you need to know.
https://twitter.com/Crispy_Craps/status/1931617708140798167 Nasdaq Expands Crypto Index to Reflect a Broader Market
On June 2, 2024, Nasdaq filed a proposed rule change with the SEC under Rule 19b-4. The goal is to broaden the benchmark for digital assets. Nasdaq added XRP, Solana (SOL), Stellar Lumens (XLM), and Cardano (ADA) to its index. This move enables the Hashdex Nasdaq Crypto Index US ETF (NCIQ) to shift from its current benchmark, the Nasdaq Crypto US Settlement Price Index (NCIUS), to the more comprehensive Nasdaq Crypto Index — NCI.
This change matters. Nasdaq recently refreshed NCIUS by adding XRP, SOL, ADA, and XLM. Now, alongside Bitcoin (BTC) and Ethereum — ETH, these assets represent a more accurate picture of today’s dynamic crypto market.Currently, strict SEC rules mean the Hashdex ETF holds only BTC and ETH. This creates a tracking error, as the ETF tracks an index of six assets while investing in only two. To address this, Hashdex employs a sampling strategy that aims to minimize the mismatch. Still, perfect alignment remains elusive.
What SEC Approval Means for ADA and Investors
The NCI now includes nine cryptocurrencies: BTC, ETH, XRP, SOL, ADA, XLM, Chainlink (LINK), Litecoin (LTC), and Uniswap (UNI). This lineup better captures the evolving crypto ecosystem and provides investors with greater insight into market trends. If the SEC gives final approval by November 2, 2025, the Hashdex ETF can invest in all nine assets. This would mark a pivotal moment for ADA and fellow altcoins.
Inclusion in a U.S.-listed ETF brings both legitimacy and potential liquidity inflows..ADA’s presence in the Nasdaq Crypto Index reflects its growing stature. No longer just a promising blockchain project, ADA now stands on a stage once reserved for the giants. For investors, this shift could signal new opportunities and encourage broader portfolio diversification. An SEC-approved, diversified crypto ETF could also attract institutional players.
These investors often seek regulated avenues for exposure. A broader index provides that path. The road ahead holds challenges. Regulatory hurdles remain. Market volatility persists. Yet, with ADA gaining momentum through this approval, optimism fills the air. The crypto market watches closely. Come November, a new chapter may begin.
