Key Takeaways:
The U.S. Securities and Exchange Commission (SEC) has cleared the Hashdex Nasdaq Crypto Index US ETF, a milestone that expands regulated exposure beyond Bitcoin and Ethereum to include altcoins XRP, Solana, and Stellar. The decision follows the SEC’s adoption of streamlined listing standards designed to accelerate approvals.
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The Hashdex Nasdaq Crypto Index US ETF (ticker: NCIQ) now stands as one of the first U.S.-listed crypto ETFs to hold a diversified basket of five major digital assets: BTC, ETH, XRP, SOL, and XLM.
Previously, crypto ETFs faced long, case-by-case reviews that stretched for months or years. The new structure of the SEC reduces that period to approximately 75 days provided that funds satisfy some of the requirements like active regulated future markets or substantial existing ETF exposure.
To institutional investors: pension funds, banks and endowments – this action would allow regulated, multi-asset crypto investment vehicles. Legitimacy that is granted by SEC approval may also increase liquidity, trading volumes and depth of the market.
According to the new regulations only coins with certain thresholds qualify. XRP, Solana and Stellar are suitable since:
This is the first XRP to be listed in an official regulated ETF in the United States, and this is significant considering its years of suffering in legal tussles with regulators. In the case of Solana, which is still reeling off the losses associated with the downfall of FTX, the listing is an indication of restored trust in its ecosystem. Never given the attention it deserves due to its small size, Stellar receives a rare dose of institutional attention.
Read More: SEC Greenlights Generic Listing Standards, Unlocking Wave of Spot Crypto ETFs in U.S.
For more than a decade, U.S. crypto ETFs were confined to Bitcoin, and, more recently, Ethereum. The inclusion of XRP, SOL, and XLM is an apparent recognition that the digital asset market is not limited to the two giants.
The conclusion is also metaphorical. It demonstrates that SEC was ready to change years of stagnation with its reserved approach, as pressure on it increased in Congress, among institutional investors, and with the global market. Europe and Canada already host multi-coin ETFs; the U.S. is finally catching up.
Industry observers expect a surge of applications. Canary Capital Group noted that “a dozen filings” are already in motion Companies that will have a tendency to expedite new products are Bitwise, VanEck and Grayscale. Analysts predict a group of ETFs to launch in the Q4 2025, and this would pose a threat to market shares.
In spite of this hope, however, there are a number of caveats:
Investors should note: inclusion in an ETF doesn’t guarantee price appreciation. Instead, it signals recognition and potential for improved market infrastructure.
The post SEC Approves $15B Hashdex Nasdaq Crypto ETF: XRP, Solana, Stellar Join Bitcoin and Ethereum appeared first on CryptoNinjas.
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