SEC's Regulatory Change Sparks Crypto ETF Boom, XRP and Solana Enter the Mainstream

The U.S. Securities and Exchange Commission (SEC) has given the green light for Hashdex’s Nasdaq Crypto Index US ETF (NCIQ) to broaden its holdings to include

, (SOL), and (XLM), signaling a notable change in the regulatory approach to crypto exchange-traded funds. This decision comes after the SEC implemented universal listing standards in September 2025, which simplify the approval process for qualifying crypto ETFs by removing the need for individual assessments. Under the revised guidelines, digital assets must satisfy requirements such as being traded on regulated markets, having active futures contracts overseen by the CFTC, or being included in existing ETFs with at least 40% direct exposure SEC approves Hashdex Nasdaq ETF to hold BTC, ETH, XRP, SOL, … [ 1 ]. With these changes, Hashdex’s ETF now holds five cryptocurrencies—Bitcoin (BTC), Ether (ETH), XRP, , and XLM—offering investors a more diversified exposure to the crypto market Hashdex Crypto Index ETF Now Includes Altcoin Exposure [ 2 ].

The SEC’s updated framework has shortened the average approval period for crypto ETFs from 270 days to as few as 75 days SEC approves Hashdex Nasdaq ETF to hold BTC, ETH, XRP, SOL, … [ 1 ]. This has led to a spike in applications from fund managers, with more than a dozen products currently awaiting review and a surge of launches anticipated in the fourth quarter of 2025 Hashdex Expands US Crypto ETF To Add XRP, Solana And Stellar … [ 3 ]. Steven McClurg from Canary Capital Group commented on the industry’s swift response, while Jonathan Groth of DGIM Law described the current environment as a “boom time” for crypto ETFs. Grayscale Investments demonstrated this momentum by transforming its private fund into a public ETF, the Grayscale CoinDesk Crypto 5 ETF (GDLC.P), just 48 hours after the SEC’s announcement SEC approves Hashdex Nasdaq ETF to hold BTC, ETH, XRP, SOL, … [ 1 ].

Hashdex’s move is in step with broader regulatory changes introduced under SEC Chair Paul Atkins, who has pushed for a more efficient approval process and the creation of a regulatory sandbox to encourage innovation. The new regulations categorize most digital assets as commodities, lowering enforcement risks for ETF issuers and aligning with the Trump administration’s goal of easing crypto oversight Hashdex Crypto Index ETF Now Includes Altcoin Exposure [ 2 ]. Samir Kerbage, CIO of

, highlighted the ETF’s flexibility, noting that will keep expanding as more assets meet regulatory standards Hashdex Expands US Crypto ETF To Add XRP, Solana And Stellar … [ 3 ]. The current portfolio allocation includes at 72.5%, ETH at 14.8%, XRP at 6.9%, SOL at 4.3%, and (ADA) at 1.2% Crypto ETF Update: Hashdex Index ETF Approved by SEC to … [ 4 ].

Market experts warn that while regulatory clarity has made entry easier, the ultimate success will depend on investor interest. Kyle DaCruz from VanEck pointed out the challenge of educating the public about lesser-known tokens like XRP and SOL, which have not built the same level of trust as BTC over the years SEC approves Hashdex Nasdaq ETF to hold BTC, ETH, XRP, SOL, … [ 1 ]. The rise of multi-asset ETFs could increase the connection between crypto and traditional financial markets, but may also bring added volatility if investment inflows slow. Historical trends indicate that Bitcoin’s price surges have matched ETF outflows, a pattern not yet seen with Ethereum.

The SEC’s decision has also intensified competition among fund managers. Amplify ETFs has recently submitted an application for a SOL and XRP Monthly Income ETF, and Bitwise’s Teddy Fusaro mentioned that most filings are close to being market-ready SEC approves Hashdex Nasdaq ETF to hold BTC, ETH, XRP, SOL, … [ 1 ]. Analysts expect the first SOL and XRP ETFs to debut in early October, with more than 40 products likely to follow under the new guidelines Hashdex Expands US Crypto ETF To Add XRP, Solana And Stellar … [ 3 ]. The industry’s transition from a fragmented regulatory landscape to a unified model highlights the SEC’s influence in integrating crypto into mainstream finance.