The crypto market is once again on the verge of change. This time, the signal came from the Nasdaq exchange - a giant of traditional finance, which is slowly mastering the field of digital assets. On June 2, the exchange's index committee proposed to the SEC to update the NCIUS digital asset index, adding XRP, ADA, SOL, and XLM.

It is interesting that in practice there is a discrepancy: it seems that tokens were included in the index, but the Hashdex ETF can only work with Bitcoin and Ethereum - such are the requirements of the SEC.

It turns out that Nasdaq's application to expand the ETF capabilities, filed in the spring of 2025, is still awaiting approval from the regulator. The SEC documents even note that due to the restrictions, the fund may deviate significantly from the base index. But Nasdaq is not giving up and is trying to persuade regulators to allow the fund to hold all assets from the index.

The final decision on these issues is expected only in the fall of 2025, which creates uncertainty for everyone in the market.

What happens next depends on several things: the SEC's position on the expansion of cryptocurrency ETFs, the outcome of the litigation around XRP, and the general trend towards the institutionalization of digital assets. The experience of approving a Bitcoin ETF has shown that the process of approval with regulators can be long. But the fact that XRP is now included in the Nasdaq index changes the attitude towards this asset for the better on the part of investors. In the future, this may lead to the crypto market becoming more mature, and altcoins taking their rightful place alongside traditional financial instruments.