Well, darlings, it seems our dear Cardano’s ADA has finally decided to swap its gym shorts for a tuxedo, strutting onto the Nasdaq Crypto Index like it owns the place! No longer a wallflower at the crypto ball, ADA is now rubbing shoulders with the likes of Bitcoin and Ethereum—talk about a glow-up! 💅
Regulators and asset managers are now treating Cardano like the belle of the blockchain ball, proving it’s more than just another token in the digital dance-off.
Index Broadens To Nine Assets
According to the latest gossip from TapTools and Nasdaq’s Form 8-K, our index has expanded from a mere five to a fabulous nine assets! Now, alongside Bitcoin, Ethereum, Litecoin, and Chainlink, we have the delightful additions of Cardano (ADA), Solana (SOL), Ripple (XRP), and Stellar (XLM). It’s a veritable crypto soirée!
These newcomers have finally snagged a seat at the table, darling! More options for funds tracking this benchmark? Oh, how positively thrilling! 🎉
Cardano $ADA has officially been added to the Nasdaq Crypto Index, joining BTC and ETH in one of the industry’s top institutional benchmarks.
It’s not just recognition—
It’s infrastructure-level validation.
— TapTools (@TapTools) June 10, 2025
Impact On Weighting Of Bitcoin And Ethereum
Once upon a time, Bitcoin was the heavyweight champion, holding a whopping 85% of the index, while Ethereum was the loyal sidekick at 10%. But with ADA and its new pals in the mix, Bitcoin’s share has taken a tumble to 75%, and Ethereum is now basking in the limelight at 11%. How the tables have turned!
This delightful shift allows portfolio managers to spread their risks like butter on toast, reducing the concentration on the two biggest names in crypto. Bravo! 👏
SEC approves NASDAQ Index that includes ADA Cardano
— Cardano Feed ($ADA) (@CardanoFeed) June 11, 2025
ETF Holdings Await SEC Signoff
Now, while our index is strutting its stuff with all nine assets, the US-listed Hashdex Nasdaq Crypto Index ETF is still playing it safe with just Bitcoin and Ethereum. But fear not, darling! This will change once the SEC decides to play nice and updates the ETF’s rulebook—expected in early 2026. Until then, US investors can only admire the wider index from afar, like a peeping Tom at a glamorous party.
Cardano Gains Institutional Spotlight
For Cardano, this isn’t just a shiny trophy; it’s a ticket to the big leagues! With added liquidity and better price support, ADA is on a clearer path into institutional portfolios. More cash flowing in and out could smooth out those wild trading swings—how positively civilized!
Trading platforms, custody services, and exchanges will need to step up their game to meet the index’s criteria—steady volume, regulated venues, and institutional-grade storage. After all, we wouldn’t want our major players feeling uncomfortable when they decide to buy or sell ADA at scale, would we? 😏
In conclusion, bringing ADA into this benchmark shows that big finance is finally paying attention to Cardano. But let’s not pop the champagne just yet—the final step of actual ETF inclusion in the US still lies in the hands of the regulators. Cheers to that! 🥂
Read More
2025-06-13 00:43