Cardano (ADA) Receives Significant Boost from Wall Street with Nasdaq Partnership
Cardano (ADA) has recently received a significant boost from Wall Street, thanks to support from Nasdaq. This development has sparked excitement within the crypto community and could have far-reaching implications for ADA’s integration into mainstream Wall Street investing.
Nasdaq recently made a pivotal move by revamping its Nasdaq Crypto U.S. Settlement Price Index (NCIUS), and Cardano emerged as one of the selected cryptocurrencies. The updated index, which went live on June 2, 2025, previously only included Bitcoin and Ethereum but has now expanded to incorporate four additional major players, including Cardano (ADA), Solana (SOL), Stellar (XLM), and XRP. This move places ADA in esteemed company alongside established cryptocurrencies like Bitcoin and Ethereum.
The Cardanians, known for their enthusiastic support of Cardano within the community, expressed their excitement over this development. They claimed, “This is a major step forward in bringing Cardano closer to Wall Street and traditional markets.” The inclusion of Cardano in the Nasdaq index signifies an essential milestone in gaining institutional recognition for ADA.
Despite the positive outlook, ADA holders must exercise caution as there is a crucial caveat to consider. While Cardano is now part of the Nasdaq index, the Hashdex Nasdaq Crypto Index U.S. ETF is currently unable to include ADA in its portfolio. The ETF’s existing constraints limit its holdings to Bitcoin and Ethereum, restricting investors from accessing Cardano through this investment vehicle. Therefore, while ADA has secured a place in the index, investors are still unable to leverage the benefits of this new development.
However, there is hope on the horizon, as a significant regulatory decision could soon change the landscape for ADA. Nasdaq presented a proposal to the Securities and Exchange Commission (SEC) on March 7, 2025, seeking permission to transition from the current restricted index to the Nasdaq Crypto Index (NCI). This revamped index would encompass a more extensive range of digital assets, including Bitcoin, Ethereum, XRP, Solana, Cardano (ADA), Chainlink, Litecoin, Stellar, and Uniswap. Should the SEC approve this proposal by November 2, 2025, it would open up a new avenue for regular investors to access ADA through a fully regulated, Wall Street-approved investment product.
The potential approval of this proposal holds significant implications for ADA holders, as it could lead to a surge in institutional investment in Cardano. When institutional investors like pension funds and large investment firms enter the market, retail investors often follow suit. This influx of capital could significantly impact ADA’s price and adoption, positioning it as a lucrative investment opportunity in the eyes of mainstream investors.
In conclusion, Cardano’s inclusion in Nasdaq’s exclusive crypto club highlights the growing interest from Wall Street, signaling a potential shift towards mainstream adoption of ADA within institutional investment circles. The impending regulatory decision by the SEC could further solidify Cardano’s position in the market, paving the way for substantial growth and investment opportunities for ADA holders in the future.
