Nasdaq has initiated a proposal to expand the NCIQ ETF benchmark by including the altcoins XRP, SOL, ADA, and XLM in its portfolio.
ETF Benchmark Expansion
Nasdaq proposed to add XRP, Solana (SOL), Cardano (ADA), and Stellar (XLM) to the NCIQ ETF benchmark, aimed at broader diversification and reflecting the increasing maturity and adoption of these assets at the institutional level.
Significance for Altcoins
The inclusion of these altcoins in the ETF benchmark will mark a significant milestone for their integration into U.S. financial market products, confirming growing trust in these assets among investors.
Outlook and Regulations
The SEC's decision deadline is set for November 2, 2025. If approved, the change could pave the way for more diversified crypto ETFs and strengthen the case for broader altcoin exposure across traditional financial markets.
Nasdaq's proposal highlights the growing interest in crypto assets and the importance of creating more diverse investment products to meet investor needs.
