Nasdaq Seeks Approval for Expansion of Crypto Index with XRP, Solana, Cardano, and Stellar

The Nasdaq has submitted a proposal to expand its crypto index, potentially unlocking greater institutional investment opportunities in the cryptocurrency market. This proposal aims to incorporate four new assets: XRP, Solana, Cardano, and Stellar Lumens. The decision awaits approval from the Securities and Exchange Commission (SEC), with a deadline set for November 2nd, 2025. The proposed expansion would elevate the index’s asset count from five to nine, signifying a significant shift in investment strategies for funds tracking the benchmark.