XRP, Solana, Cardano, and Stellar are set to gain increased visibility and potential investment as Nasdaq seeks SEC approval to benchmark funds against a broader crypto market. In fact, Nasdaq’s recently proposed “Crypto Index – Core Top 10” would cover all of these cryptocurrencies. This inclusion is a huge leap forward towards mainstream acceptance and could potentially pave the way for other investment products. This decision comes as excitement builds for multi-asset crypto ETFs expected in 2025.

The SEC filing confirms Nasdaq's intention to track the performance of leading digital assets, a move that could have far-reaching implications for the crypto market. XRP is sitting at a $62 billion market cap as of this writing. Having just gained 38% YTD performance in 2025, its addition to the index offers even more confirmation. Equally stunning is Solana (SOL), now with an $87 billion market cap. With a stellar 72% increase year-to-date, it is poised to profit immensely from ongoing market developments.

Cardano (ADA), with a $21b market cap, has been up 19% YTD. Stellar (XLM), with a market cap of $4.3 billion, is up 12% YTD. Both cryptos will get increased visibility. Nasdaq’s acknowledgment is another sign that these digital assets are maturing and finding a new home within traditional finance.

ETFs tracking Nasdaq’s index could soon be the first of their kind to appear on big Wall Street trading floors. Look for them to appear on Fidelity and Schwab as well! This will provide institutions a more streamlined approach to tracking performance. They can balance their portfolios and deploy capital with more certainty in XRP, SOL, ADA and XLM.

In addition to this, the precedent set by Nasdaq’s approval may act as a nod of encouragement for a spot XRP ETF approval. As institutional interest in crypto assets continues to expand, so does the need for regulated investment vehicles.