SEC Approves Hashdex Crypto ETF to Include XRP, SOL
- SEC approves Hashdex ETF, adding XRP and SOL.
- Expansion marks a shift in U.S. crypto ETF offerings.
- Could enhance liquidity for XRP and SOL in the U.S.
The U.S. Securities and Exchange Commission (SEC) has approved the inclusion of XRP, Solana, and Stellar in the Hashdex Nasdaq Crypto Index ETF, expanding regulated crypto ETF offerings in the U.S.
This approval signifies a pivotal shift in cryptocurrency market regulation, potentially increasing liquidity and institutional investment in these altcoins.
Impact of SEC Approval on Hashdex ETF
The Hashdex Nasdaq Crypto Index ETF received approval from the U.S. SEC to incorporate major altcoins like XRP and Solana (SOL), alongside BTC and ETH. This expansion marks a new chapter for regulated crypto ETF offerings in the United States.
The approval by the SEC, led by Chair Paul Atkins, represents a shift in the agency’s approach to multi-asset crypto ETFs. Hashdex, a notable asset manager, will now offer exposure to a broader range of assets, including XRP and SOL.
Market Implications and Future Prospects
The inclusion of XRP and SOL is expected to enhance liquidity and institutional access within U.S. markets. XRP and SOL will be allocated 7.1% and 4.2% respectively, in the ETF, boosting their visibility among institutional investors. Financial analysts anticipate potential shifts in crypto market dynamics due to increased institutional participation.
This decision aligns with the SEC’s new “generic listing standards,” which aim to streamline cryptocurrency ETF approvals. Paul Atkins, Chair, U.S. SEC, stated, “spearheading efforts to streamline the ETF approval process for cryptocurrencies as part of a broader initiative to modernize the financial system for digital finance.”
Trends in Altcoin ETF Inclusion
The move follows another ETF expansion in September 2025, suggesting a trend towards greater inclusion of altcoins in regulated products. Institutional flows may stabilize prices and enhance market depth, reflecting historical outcomes of similar ETF launches.
Proponents view this as a beneficial evolution in digital finance, with potential for enhanced investor protection and market stability. The introduction of these assets could lead to a broad-based regulatory shift benefiting similar tokens meeting criteria.
