Cardano’s Big Nasdaq Moment: Is Wall Street Finally Paying Attention? 🤔💰

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  • Nasdaq’s index now includes Cardano, signaling growing institutional interest in the cryptocurrency
  • SEC decision on broader crypto ETF holdings expected by November 2025, promising greater diversification

So, Cardano [ADA] took a nosedive of more than 10% in one week. Ouch! Talk about a dramatic fall from grace. But hey, don’t count it out just yet! It seems like the project is still trying to win back some fans. 🎢

In the midst of a market that feels like a rollercoaster designed by a toddler, Cardano has hit a milestone that might just spark some institutional interest. Fingers crossed! 🤞

Cardano’s Nasdaq Index inclusion

According to the Cardanians, a community account on X (formerly known as Twitter, because who doesn’t love a good rebranding?), this achievement could be the golden ticket to Wall Street. Yes, folks, we might just be witnessing a turning point for the 10th-largest cryptocurrency by market cap. 🎟️

They said,

“Nasdaq has officially reconstituted its Crypto US Settlement Price Index (NCIUS) to include Cardano $ADA. This index serves as the benchmark for the Hashdex Crypto ETF. This is a major step forward in bringing Cardano closer to Wall Street and traditional markets.”

Community reactions and price action

As you can imagine, the crypto community was all abuzz about this news. But in a plot twist worthy of a soap opera, ADA’s price didn’t exactly throw a party. It fell on the charts and was hanging out at $0.6647 at press time. 🎉 Not the kind of celebration we were hoping for!

This move is a big deal, marking a shift in how institutions view digital assets. Now, Cardano, Solana [SOL], Stellar, and XRP are joining the cool kids’ table with Bitcoin [BTC] and Ethereum [ETH] in the benchmark index. 🥳

While this expanded lineup is a sign of growing market maturity and broader crypto adoption, the Hashdex Nasdaq Crypto Index U.S. ETF is still playing it safe, only holding BTC and ETH under its current regulatory framework. Talk about a party pooper! 🎈

What’s more?

As the fund waits for the SEC to give a thumbs up for a rule change, the inclusion of these additional assets could mean a strong push towards diversification. It’s like adding sprinkles to your ice cream—who doesn’t want that? 🍦

This also coincided with Nasdaq recently submitting a proposal to the SEC to expand the Hashdex Nasdaq Crypto Index U.S. ETF’s benchmark from NCIUS to the wider Nasdaq Crypto Index (NCI), pending approval. Because why not aim for the stars, right? 🌟

According to the proposal, this change would allow the ETF to include a wider range of cryptocurrencies, expanding its holdings to nine digital assets like Bitcoin, Ethereum, Cardano, XRP, Solana, Chainlink, Litecoin, Stellar, and Uniswap. It’s like a crypto buffet! 🍽️

The SEC’s decision on this proposal is anticipated by 2 November 2025, potentially paving the way for greater diversification and exposure within the crypto ETF market. Mark your calendars, folks! 🗓️

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2025-06-09 11:08