Hashdex has expanded its Nasdaq Crypto Index U.S. ETF (NCIQ) to include Cardano (ADA), marking a new move in the token’s eligibility under U.S. listing standards. According to a Form 8-K filing with the Securities and Exchange Commission (SEC), the addition took effect immediately, placing ADA alongside Bitcoin, Ethereum, Solana, XRP, and Stellar.
Cardano ( $ADA ) has officially been added to the Hashdex Nasdaq Crypto Index US ETF ($NCIQ).
With this change, NCIQ expands from five to six assets and now holds the same assets as the Nasdaq Crypto Index US (NCI US): $BTC, $ETH , $SOL, $ADA, $XRP, and $XLM.
When NCIQ launched… https://t.co/mlBR0d1ENM
— Samir Kerbage (@SamirKerbage) October 1, 2025
ADA now meets broad listing requirements under SEC-approved expanded crypto index standards, positioning the token for wider institutional exposure. The Nasdaq Crypto Index U.S. ETF will now rebalance quarterly to reflect its updated holdings.
The fund allocates 72.5% to Bitcoin, 14.8% to Ethereum, 6.9% to XRP, 4.3% to Solana, and 1.2% to Cardano. The inclusion reflects ADA’s recognition as part of the Nasdaq Crypto U.S. Settlement Price Index and its compliance with regulatory guidelines.
Analysts have noted that the move strengthens ADA’s case for a future exchange-traded fund. Grayscale’s pending ADA ETF filing is expected to benefit, as Bloomberg analysts suggested that ETFs aligned with the generic listing standards now face near-certain approval. Timelines remain uncertain as the U.S. government shutdown may delay agency decision-making.
Market Response and Price Movements
Cardano’s price reacted positively to the development, rebounding from the $0.75 support level to trade at $0.8568, marking a 3.07% gain in the past 24 hours. Intraday data shows ADA climbing from $0.8255 to local highs around its current level.
Additionally, trading activity also saw modest gains, soaring 3.69% over the past 24 hours to $1.3 billion. Market capitalization has climbed to $30.68 billion, keeping ADA among the top ten cryptocurrencies by valuation. The current circulating supply stands at 35.81 billion ADA out of a maximum cap of 45 billion, resulting in a fully diluted valuation of $38.55 billion for the project.
Evans Kelvin
