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Key Takeaways
- Cardano (ADA) has been officially added to the Nasdaq Crypto US Settlement Price Index (NCIUS), marking a major step toward institutional recognition and potential Wall Street exposure.
- Despite this milestone, ADA’s price declined over 10% in the past week, reflecting cautious market sentiment amid regulatory delays in ETF expansion.
The Nasdaq has officially added Cardano to its Crypto US Settlement Price Index (NCIUS), a benchmark used by the Hashdex Nasdaq Crypto Index U.S. ETF. This inclusion marks a significant institutional milestone for Cardano, as it joins other major assets like Bitcoin [BTC], Ethereum [ETH], Solana [SOL], XRP, and Stellar [XLM].
Prominent Cardano community account Cardanians highlighted the importance of the move, calling it “a major step forward in bringing Cardano closer to Wall Street and traditional markets.” While this inclusion does not immediately translate to ETF holdings—due to regulatory constraints—it paves the way for potential future investment flows.
🇺🇸 BREAKING:
— Cardanians (CRDN) (@Cardanians_io) June 7, 2025
Nasdaq has officially reconstituted its Crypto US Settlement Price Index (NCIUS) to include Cardano $ADA.
This index serves as the benchmark for the Hashdex Crypto ETF.
This is a major step forward in bringing Cardano closer to Wall Street and traditional markets. pic.twitter.com/SHxEiKAjub
Muted Price Reaction Despite Community Support
Despite positive sentiment from the crypto community, ADA’s price failed to respond favorably. At press time, the token was trading at $0.6647, continuing a broader downtrend. While the market structure remains fragile, the index inclusion reflects growing institutional recognition of digital assets beyond just BTC and ETH.
This shift comes amid efforts by Nasdaq to diversify crypto investment options. In a separate development, Nasdaq submitted a proposal to the SEC to broaden the ETF’s benchmark from NCIUS to the wider Nasdaq Crypto Index (NCI). If approved, this change could significantly expand the ETF’s portfolio.
Also Read: Cardano Whales Exit as ADA Price Slips—Unilabs Finance Presale Surges Past $2.4M
ETF Expansion Could Catalyze Broader Adoption
Should the SEC approve the proposed benchmark shift by the November 2, 2025 deadline, the Hashdex ETF would gain the ability to include nine cryptocurrencies: Bitcoin, Ethereum, Cardano, XRP, Solana, Chainlink, Litecoin, Stellar, and Uniswap. This move would mark a pivotal shift toward broader exposure and diversification in crypto-related investment products.
While ADA’s short-term price action may be underwhelming, its long-term outlook is increasingly tied to Wall Street’s growing appetite for digital assets—making this Nasdaq inclusion a quiet but significant win for Cardano.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
