Cardano’s ADA Added to Nasdaq Crypto Index Alongside Bitcoin and Ethereum
Cardano's ADA has been added to the Nasdaq Crypto Index, which now includes nine assets, positioning it alongside Bitcoin and Ethereum. This indicates a growing recognition of Cardano by regulators and asset managers.
Index Expansion
- Index expanded from five to nine assets.
- New additions: Cardano (ADA), Solana (SOL), Ripple (XRP), Stellar (XLM).
- Increased options for funds tracking this benchmark.
Impact on Bitcoin and Ethereum Weighting
- Bitcoin's share decreased from 85% to 75%.
- Ethereum's share reduced from 10% to 11%.
- Portfolio managers can diversify risk across more tokens.
ETF Holdings Await Approval
- The Hashdex Nasdaq Crypto Index ETF currently holds only Bitcoin and Ethereum.
- SEC approval for updates expected in early 2026.
- Investors can track the wider index but ETF shares remain unchanged until approval.
Institutional Implications for Cardano
- Inclusion enhances liquidity and price support for ADA.
- May lead to narrower trading spreads and reduced volatility.
- Trading platforms will need to meet criteria for steady volume and regulated venues.
- Greater attention from institutional finance is anticipated.