Hashdex’s SEC Win: Stellar $XLM Enters the Big Leagues

Hashdex SEC Approval: $XLM Enters US-Regulated ETF for the First Time

In a landmark move that’s sending ripples through the crypto world, Hashdex has secured U.S. Securities and Exchange Commission (SEC) approval to incorporate Stellar’s native token, $XLM, into its Nasdaq Crypto Index US ETF (NCIQ). Announced on September 24, 2025, this expansion marks the first time XLM joins a regulated, multi-asset crypto fund in the United States. Building on its existing Bitcoin and Ethereum holdings, the ETF now diversifies to include XRP (6.93% allocation), Solana (4.11%), and a modest but symbolic 0.33% for Stellar, alongside smaller stakes in Cardano, Chainlink, and Uniswap. For Stellar, known for its lightning-fast, low-cost cross-border payments and DeFi infrastructure, this isn’t just validation, it’s a gateway to institutional capital that could supercharge adoption.

What makes this approval a game-changer? Historically, U.S. crypto ETFs were siloed to BTC and ETH, leaving altcoins like XLM in the shadows. The SEC’s new generic listing standards, adopted just a week prior, streamlined approvals for commodity-based funds, slashing review times to about 75 days and opening floodgates for diversified products. Hashdex, already managing $1.56 billion in assets globally, positions NCIQ as a one-stop shop for exposure to the “fast-growing crypto industry,” as CEO Marcelo Sampaio put it. For investors wary of single-asset volatility, this ETF offers regulated diversification without the hassle of direct custody. Yet, short-term market reactions have been muted: XLM dipped over 6% to around $0.35 in the days following, testing key support levels amid broader pullbacks in BTC ($111,554) and ETH ($3,998). Analysts eye a potential rebound if bullish bets hold, fueled by ETF inflows, Bitcoin ETFs alone saw $241 million last week.

TradFi-Crypto Fusion Accelerates: More Multi-Asset ETFs on Horizon

This isn’t isolated hype; it’s the ongoing merger of Traditional Finance (TradFi) and crypto accelerating into overdrive. As pension funds, banks, and endowments seek compliant entry points, approvals like this legitimize ecosystems like Stellar’s Stellar Consensus Protocol (SCP), trusted by global institutions for stable, federated validation. Expect a wave of multi-asset ETFs in October, potentially including more altcoins, blurring lines between Wall Street and blockchain. For $XLM holders and platforms like Lumexo, built on Stellar’s efficient DEX and non-custodial wallet, this signals surging liquidity and user growth. The TradFi-crypto bridge is no longer a drawbridge; it’s wide open. What’s your take, will XLM moon from here?

Sources for Further Reading:

1. SEC Approves Hashdex Nasdaq Crypto ETF to Include XRP, Solana, and Stellar (XLM)
2. Just In: Hashdex ETF First to Hold XRP and Stellar After SEC Approval
3. XLM slides despite ETF approval – Can support hold and trigger a rebound?
4. SEC nod puts Hashdex ETF in spotlight: XRP, Solana, Stellar come together
5. SEC Approval May Let Hashdex Nasdaq Crypto Index ETF Add XRP and Solana While Bitcoin Remains Top Holding
6. SEC Approves $15B Hashdex Nasdaq Crypto ETF: XRP, Solana, Stellar Join Bitcoin and Ethereum
7. Stellar Joins SEC-Approved Hashdex ETF—But Will it Lift XLM Price?
8. Hashdex Unlocks New Era for Institutional Crypto: Altcoin Exposure Arrives in US ETF
9. Hashdex Expands US Crypto ETF To Add XRP, Solana And Stellar After SEC Rule Change
10. XLM Price Awaits Breakout After SEC Greenlights Hashdex Stellar ETF