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Nasdaq has officially filed a proposed rule change with the U.S. Securities and Exchange Commission aiming to expand its digital asset ETF benchmark. The update includes major altcoins like XRP, Solana (SOL), Cardano (ADA) and Stellar Lumens (XLM) alongside Bitcoin and Ethereum. This move reflects Nasdaq’s effort to better represent the wider crypto market.
The new benchmark Nasdaq Crypto Index would replace the current Nasdaq Crypto US Settlement Price Index. The Hashdex Nasdaq Crypto Index US ETF is currently limited to holding Bitcoin and Ethereum due to regulatory constraints which leads to a mismatch in tracking the broader index. Nasdaq’s proposal would allow the ETF to invest in all nine digital assets included in the new index.
If approved by the SEC the ETF would gain flexibility and improved diversification by including assets such as Chainlink Litecoin and Uniswap. This decision is expected by November 2, 2025 and could signal a major milestone for broader crypto adoption in U.S. financial markets.
