Nasdaq Pushes for Expanded Crypto ETF: XRP, SOL, ADA, XLM Join the Index 📈
Nasdaq is ambitiously seeking to broaden cryptocurrency investment options by filing a new rule proposal with the U.S. Securities and Exchange Commission (SEC). This plan aims to reshape the landscape of crypto exchange-traded funds (ETFs) within the United States.
Key assets like XRP, Solana (SOL), Cardano (ADA), and Stellar (XLM) have been spotlighted as they join the proposed index. Such a move is being heralded as a strategic 'power move' in the crypto space, promising to potentially attract a surge in institutional interest.
Despite the growing excitement around this initiative, more details are expected as both crypto enthusiasts and financial institutions await further developments.
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