Nasdaq Proposes ETF Rule Change to Include Altcoins – Coincu

Nasdaq submitted a rule change request to the SEC on June 7, 2025, to expand its crypto index to include XRP, Solana, Cardano, and Stellar Lumens. If approved, this change would expand its previously Bitcoin and Ethereum-focused ETF holdings.

This rule change signifies a potential diversification for U.S. crypto financial products. The decision, anticipated by November 2025, would enable broader institutional access to these cryptocurrencies.

Inclusion of XRP, SOL, ADA & XLM Signals Diversification

Nasdaq seeks to integrate XRP, Solana, Cardano, and Stellar Lumens in its crypto index. The proposed rule change with the SEC represents a strategic move to diversify its ETF beyond Bitcoin and Ethereum. If approved, this inclusion allows retail and institutional investors to access a broader range of cryptocurrencies. This step marks a significant shift in the U.S. crypto ETF landscape.

Market reactions are cautiously optimistic. Investors are hopeful about diversification benefits, yet the inclusion awaits regulatory approval. Legal clarity from the SEC could set a precedent for similar products. Currently, no specific statements from Nasdaq executives or participating tokens’ representatives detail the potential implications.

“The proposed change marks a notable shift from earlier restrictions toward a more open posture by U.S. regulators regarding large-cap altcoins inclusion in mainstream financial indices.” — Regulatory Analyst

Historical Context, Price Data, and Expert Insights

Did you know? The inclusion of Ethereum in ETF products in early 2025 marked a significant step for altcoins, reflecting evolving SEC perspectives on cryptocurrency integration into mainstream financial products.

As of the last update on June 9, 2025, XRP trades at $2.25, with a market dominance of 4.01%. Its market cap stands at 132.32 billion dollars. The past 90-days reflect a 16.36% increase. Daily trading volume surged by 130.96% as reported by CoinMarketCap.

Experts highlight the regulatory shift this proposal entails. The expanded acceptance of altcoins into Nasdaq indices could lead to broader adoption, driving liquidity and investor engagement. Historically, such inclusion acts as a catalyst for asset pricing and advances industry recognition.