Cardano Joins Nasdaq Index, Gains 0.573% in 24 Hours

Cardano's latest price was $0.6691, up 0.573% in the last 24 hours. This cryptocurrency has recently achieved a significant milestone that could enhance its presence on Wall Street. Cardano has been included in Nasdaq's reconstituted Crypto U.S. Settlement Price Index, which is a benchmark index that underpins the Hashdex Nasdaq Crypto Index U.S. ETF. This inclusion positions Cardano alongside leading cryptocurrencies such as Bitcoin and Ethereum, signaling increased institutional recognition and potential for greater investment.

The reconstitution of the index, effective June 2, 2025, incorporates Cardano along with other prominent cryptocurrencies like Solana, Stellar, and XRP. This move reflects Cardano's growing prominence in the digital asset ecosystem and its potential to attract increased institutional investment. The inclusion in the index is seen as a significant endorsement, highlighting Cardano's technological and market advancements.

Despite this inclusion, the current ETF listing rules restrict holdings exclusively to Bitcoin and Ethereum. However, Nasdaq has proposed a rule change to the SEC that aims to enable the ETF to track a broader Nasdaq Crypto Index, which would encompass nine cryptocurrencies, including Cardano, XRP, Solana, Chainlink, Litecoin, and Uniswap. The SEC's review process, expected to conclude by November 2, 2025, will be crucial in determining the ETF's capacity to diversify its portfolio and offer investors expanded exposure to leading digital assets.

The potential approval of Nasdaq's proposed rule change would mark a significant moment for crypto ETFs, facilitating a more diversified and representative index fund. For Cardano, this could mean enhanced liquidity, greater visibility among institutional investors, and a stronger foothold within traditional financial markets. The broadened index aligns with evolving investor demand for diversified crypto exposure, potentially driving increased adoption and market capitalization growth for Cardano and its peer assets.

The Cardano community has widely welcomed the index reconstitution as a validation of ADA's technological and market advancements. Industry observers note that integration into a Nasdaq benchmark index not only elevates Cardano's profile but also underscores the maturation of the cryptocurrency sector as a whole. This milestone may catalyze further regulatory clarity and foster enhanced collaboration between crypto projects and traditional financial institutions.

Cardano's addition to Nasdaq's reconstituted crypto index signifies a crucial step towards mainstream financial acceptance and institutional adoption. While regulatory approval for expanded ETF holdings remains pending, the ongoing developments highlight Cardano's strengthening position within the evolving digital asset landscape. Stakeholders should monitor the SEC's forthcoming decision closely, as it will shape the trajectory of crypto ETFs and the broader integration of cryptocurrencies into established financial markets.

Cardano has also achieved another significant milestone with the network surpassing a total of 110 million transactions. This new record signals high network activity, which could propel Cardano's presence in the market. The network's growth and increased transaction volume reflect the growing adoption and usage of Cardano's blockchain technology, positioning it as a strong contender in the digital asset ecosystem.

On-chain data shows that the Cardano network has surpassed a total of 110 million transactions, signaling high network activity. This milestone is a testament to the growing adoption and usage of Cardano's blockchain technology, which is designed to be scalable, secure, and sustainable. The network's growth and increased transaction volume position Cardano as a strong contender in the digital asset ecosystem, with the potential to attract more users and developers in the future.

Cardano's network activity and transaction volume are crucial indicators of its health and growth. The network's ability to handle a large number of transactions efficiently and securely is a key factor in its success. The milestone of surpassing 110 million transactions demonstrates Cardano's scalability and reliability, making it an attractive option for users and developers alike. As the network continues to grow, it is likely to attract more attention from investors and institutions, further solidifying its position in the digital asset landscape.