The SEC has approved changes to the Nasdaq Crypto US Settlement Price Index. Solana (SOL), Cardano (ADA), Stellar (XLM), and Ripple (XRP) are now included.

These tokens are part of the altcoin index. The SEC’s approval means these altcoins can be trusted and used easily in the crypto market.

The SEC’s acceptance of the Nasdaq Crypto Index is a significant milestone for Solana, Cardano, Stellar, and XRP. Being part of the index provides these altcoins with market data that institutional investors can rely on.

This move comes after approving similar indices for Bitcoin (BTC) and Ethereum (ETH). Both cryptocurrencies have seen significant growth since their inclusion.

Approval of these altcoins by the SEC clears the way for spot exchange-traded funds (ETFs) to be approved. The SEC has shown its first positive stance on altcoin ETFs in years.

This reflects growing confidence in altcoins listed in the Nasdaq Crypto Index. The approval means that the SEC views these assets as central to the digital asset industry. If SOL, ADA, XLM, and XRP are seen as reliable digital assets, their adoption may grow.

They could become more widely used in financial applications. Regulatory clarity may lead institutional investors to invest more seriously in crypto.

After getting SEC approval for the Nasdaq Crypto Index, the possibility of a Ripple (XRP) ETF has increased. Recent market tracking indicates a rise from 80% to 88% chance of approving a Ripple ETF in 2025.

Market confidence is increasing due to favourable news for Ripple. Positive regulations in the crypto industry are also contributing to this trend.

XRP lawyer Bill Morgan indicated this week that the SEC’s 60 days for deciding on the Ripple case will end on June 16. This could lead to a solution soon.

Approval from the SEC for an XRP ETF could be a big event for the cryptocurrency. This could cause significant changes in the market. People are now eagerly looking forward to possible altcoin ETFs, as the year saw bitcoin ETFs gain success.

Market analyst Dynamite_Fix predicts a bullish outlook for $XRP, with an expected gradual rise toward $4. The current discounted price zone near $2.00 offers an opportunity for long positions, with an entry point around $2.17.

Key price targets are $3.01 and $3.70, indicating potential growth. Strong buying interest and consolidation support upward momentum, with a stop loss set at $1.42.

Besides XRP, Cardano (ADA) and Solana (SOL) experienced positive market sentiment following the SEC announcement. According to analysts, altcoins stand to experience increased interest from institutions, like Bitcoin and Ethereum have done.

Cardano (ADA) shows bullish potential as the RSI rises to 42.65, indicating increasing momentum. The MACD is narrowing the gap, signalling a potential bullish crossover. ADA could be poised for upward movement with strong support at $0.63–$0.65.

Solana has seen increasing interest, currently priced at $150, and it has formed a bullish pattern that suggests a price increase is near. If the key level is surpassed, investors may expect a strong coin growth in the altcoin market.

was 0.2640 at press time, and the coin was in a downward pattern. This could result in a sudden rise. Stronger regulations and institutional involvement are shaping the crypto landscape. Stellar’s biggest advantage is its fast transaction system.

In this article, the views and opinions stated by the author or any people named are for informational purposes only. And they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.