Altcoins are entering a fresh era with the SEC approving key principles behind a mixed crypto ETF, allowing a regular exchange-traded fund (ETF) product to track altcoin prices beyond Ethereum (ETH).
According to the official note, the Securities and Exchange Commission (SEC) greenlighted Hashdex’s Nasdaq Crypto Index ETF, which mostly consists of two of the largest digital assets – Bitcoin (BTC) & Ethereum (ETH). However, that’s about to change.
XRP, XLM, SOL & ADA Make The Mixed ETF Basket
Taking up over 87% of this mixed crypto index, the other 13% also consists of three altcoins that have never been on a traditionally-regulated ETF. The extended digital assets basket will also have Ripple (XRP) on set, accounting for 6.9% of this crypto ETF product.
Further on, Hashdex’s Nasdaq Crypto Index ETF has Solana (SOL) in place with 4.20% & 0.30% of Stellar Lumens (XLM). This opens up unchartered territory for blue-chip altcoins, which are all candidates for a standalone ETF product, which the SEC is slated to give a decision on by year-end.
Generic Listing Rules Pave Way For Next-Gen ETFs
This comes weeks after the grandiose approval of SEC’s generic ETF listing standards for commodity-based trust shares, crypto included. Streamlining the process for digital asset-based ETF products, this applies to all submissions filed for NASDAQ.
With most decisions for single crypto ETFs coming in Q4 of 2025, this marks a breakthrough the experts have been hinting at. To illustrate, Bloomberg’s financial market analysts give 90% – 95% odds of Ripple’s (XRP), Stellar Lumens (XLM) & Cardano (ADA) standalone ETF approvals by this term.
On The Flipside
- Despite more leniency towards crypto assets since Paul Atkins stepped into the office, the SEC is infamous for postponing decisions on ETFs, so a late 2025 settlement is not guaranteed.
Why This Matters
The major-cap altcoins included in the ETF deal could take institutional crypto participation to levels unseen before.
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The SEC approved the Hashdex Nasdaq Crypto Index US ETF (NCIQ) on September 24, 2025, including BTC (72.5%), ETH (14.8%), XRP (7.1%), SOL (4.2%), and XLM (0.3%) under new, faster listing rules.
The streamlined 75-day approval process boosts institutional access, increasing liquidity and legitimacy for XRP, SOL, and XLM, potentially driving significant price rallies.
It holds ~3.56M Ripple (XRP coin), 29,383 Solana (SOL), and 1.32M Stellar Lumens (XLM), offering diversified crypto exposure without direct token ownership.
ETF news sparked intraday gains; sustained inflows could push XRP to $3+ and SOL to $250+, but volatility may test supports if momentum fades.
Over 90 ETF applications, including XRP and SOL-focused ones, are pending. Expect more multi-asset ETFs by year-end, further mainstreaming altcoins.
