Asset manager Hashdex has expanded its Crypto Index U.S. exchange-traded fund to include XRP, Solana and XLM, according to CoinMarketCap.

The Nasdaq-listed fund, which trades under ticker NCIQ, previously held only Bitcoin and Ethereum before Thursday's expansion and now holds five cryptocurrencies with 1:1 backing.

The move came directly after the Securities and Exchange Commission approved generic listing standards, a regulatory shift that created a faster ETF approval pathway for eligible digital assets.

For a fund that spent its life as a two-asset product, jumping to five coins in a single day marks one of the most concrete results of the new framework so far.

The generic listing standards, approved in September, are the surprising engine behind the change.

Coins must qualify as commodities or feature futures contracts on reputable exchanges to meet the requirements, and they also need financial surveillance coverage under the U.S. Intermarket Surveillance Group framework.

CoinMarketCap reports that the standards are expected to trigger numerous new crypto ETF filings from asset managers, giving stock market participants broader digital asset exposure through traditional vehicles.

The contrast with the prior enforcement-first era under former Chair Gary Gensler is stark: current SEC Chair Paul Atkins is streamlining approvals, classifying most cryptocurrencies as commodities and proposing an 'innovation exemption' with regulatory sandboxes for crypto experimentation.

Market analysts anticipate that dozens of similar products will gain approval under the new framework, and Hashdex's rapid expansion shows how quickly existing funds can restructure once eligibility rules are in place.

The story also lands amid a broader industry repositioning that Incrypted's opinion piece describes: regulation is becoming a competitive advantage for prepared platforms, with the U.S. GENIUS Act creating a federal framework for payment stablecoins and the EU's MiCA establishing unified crypto rules.

Exchanges that treat compliance as infrastructure, the piece argues, will be best positioned as products like multi-asset ETFs pull traditional investors on-chain.

For XRP and Solana holders, inclusion in a Nasdaq-listed, 1:1 backed index product is the kind of access channel that was effectively unavailable under the previous regulatory approach.

CoinMarketCap notes the Trump administration has issued multiple statements reducing the regulatory burden on crypto companies, including comprehensive market structure rules for digital assets.

Incrypted adds that institutional capital is entering the industry more actively, stablecoins are strengthening as a settlement tool, and tokenization of traditional assets is opening new investor opportunities — trends that multi-asset ETFs amplify by normalizing diversified crypto exposure in brokerage accounts.

Watch for competing filings under the new standards as asset managers race to match or out-diversify NCIQ's five-coin lineup.