The U.S. Securities and Exchange Commission (SEC) has granted approval to the Hashdex Nasdaq Crypto Index US ETF on September 25, 2025, under newly established generic listing standards. This decision allows the ETF to hold a diversified basket of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Stellar (XLM), marking a significant expansion from previous ETFs that were limited primarily to BTC and ETH.
The approval process was expedited by recent SEC rule changes, which enable faster reviews—potentially within 75 days—compared to the protracted timelines of the past. Nate Geraci, President of The ETF Store, emphasized, "The Hashdex Nasdaq Crypto Index US ETF has received SEC approval under the new general listing standards, expanding allowable assets beyond BTC and ETH." This move signals growing regulatory acceptance and is expected to enhance market liquidity by providing institutional investors, such as pension funds, with regulated access to a broader range of digital assets.
Notably, this is the first time XRP has been included in a U.S. crypto ETF, a milestone following its legal scrutiny, which could bolster its legitimacy. The inclusion criteria under the new standards require cryptocurrencies to trade on large, regulated markets or have active futures contracts. Historical data suggests that ETF approvals often trigger short-term market rallies, though long-term effects will depend on broader adoption trends.