Nasdaq has proposed expanding the crypto ETF benchmark to include XRP, Solana (SOL), Cardano (ADA), and Stellar (XLM) alongside existing assets.
The move aims to transition the NCIQ ETF to a broader and more diversified benchmark to reflect the growing maturity and adoption of major altcoins in institutional crypto portfolios.
The SEC's decision deadline for this proposal is November 2, 2025, with potential approval paving the way for more diversified spot crypto ETFs and broader altcoin exposure across traditional financial markets.
This proposal follows a trend of ETF providers and exchanges seeking regulatory clarity and multi-asset inclusion, driven by the increasing demand for crypto-based investment products.