Cardano Soars with Nasdaq Index Inclusion: ADA Enthusiasts Rejoice at Wall Street Endorsement

Cardano's Nasdaq Milestone: A Stepping Stone Towards Wall Street Exposure

Cardano Joins Nasdaq's Crypto Settlement Price Index

In a significant move for institutional adoption, Nasdaq has added Cardano (ADA) to its Crypto U.S. Settlement Price Index (NCIUS). This inclusion marks a pivotal moment for the tenth-largest cryptocurrency, bringing it closer to traditional financial markets and sparking enthusiasm across the Cardano community.

Expanding the Nasdaq Crypto Index

The reconstituted NCIUS index now features Cardano alongside Solana (SOL), Stellar (XLM), and XRP, joining Bitcoin (BTC) and Ethereum (ETH). As the benchmark for the Hashdex Nasdaq Crypto Index U.S. ETF, this expansion signals growing institutional recognition of these digital assets.

Eagerly Awaiting SEC Approval

While the index has expanded, current SEC rules restrict the Hashdex ETF to holding only BTC and ETH. Nasdaq has petitioned the SEC to modify these rules, potentially allowing the fund to hold nine cryptocurrencies including ADA, XRP, and SOL.

The SEC's decision on this proposed rule change could come as early as November 2025. Approval would enable broader crypto exposure for institutional investors through the ETF.

Implications for Cardano's Future

This Nasdaq listing represents a strategic win for Cardano, potentially increasing institutional investment and liquidity for ADA. The move aligns with Cardano's mission to connect blockchain technology with traditional finance, while demonstrating growing confidence from major financial institutions in the project's viability.

As cryptocurrency continues gaining mainstream traction, Cardano's position in Nasdaq's indexes underscores its evolving role in the digital asset landscape and traditional financial markets.