The Nasdaq is seeking SEC approval for an expanded exchange traded fund (ETF) that will include major altcoins like XRP, Solana, and Cardano. If granted permission, the initiative could significantly increase institutional crypto investment and potentially reshape the U.S. cryptocurrency market. The proposal, filed by Nasdaq ISE, LLC, aims to broaden the ETF’s scope beyond Bitcoin and Ethereum, capitalizing on growing demand from institutional investors for diversified exposure in digital assets. This move follows a trend observed historically where increased institutional involvement fosters greater legitimacy and adoption for cryptocurrencies. If approved, the change could lead to a more diverse and liquid ETF market in the US, potentially influencing future regulations for decentralized finance (DeFi) and protocol tokens.