Major institutional shift incoming: Nasdaq and CME Group have jointly rebranded their crypto index, now calling it the "Nasdaq CME Crypto Index." This rebrand isn't just cosmetic—it signals these heavyweight financial institutions are doubling down on infrastructure for institutional-grade crypto allocation. The move reflects growing demand from institutional investors who need transparent, standardized benchmarks for their digital asset strategies. With two of the world's largest exchange operators co-badging this index, it's a clear message that crypto has moved beyond retail speculation into serious portfolio allocation territory. This kind of institutional plumbing matters more than many traders realize—better indexes mean better pricing signals, easier compliance frameworks, and more sophisticated money flow into the space.