Fidelity’s Solana ETF, Canary’s HBAR ETF, and Canary’s XRP ETF were listed on the DTCC website. Experts confirm the decision on ETF approvals lies with the U.S. Securities and Exchange Commission and DTCC listing does not indicate regulatory approval.
DTCC Lists Fidelity’s Solana ETF, Canary’s HBAR and XRP ETFs
Three crypto ETFs appeared on the DTCC’s website: Fidelity’s Solana ETF (FSOL), Canary’s XRP ETF (XRPC), and Canary’s Hedera ETF (HBR). The listing sparks buzz in the crypto community as it signals a potential approval of these ETFs by the SEC soon.
XRP and Solana ETFs have 95% odds of approval while HBAR ETF has 90% chances of approval by the SEC, according to Bloomberg. The final deadline for the SEC to approve or deny XRP and Solana is in October. Notably, the commission has postponed all the ETF applications related to altcoins to the final date.
However, DTCC listing is an administrative step and the ETFs still require SEC approval before they can begin trading, experts Nate Geraci and Bloomberg’s senior ETF analyst Eric Balchunas confirmed.
“Agree, nothing to see here. That said, how many tickers are added that never launched, probably almost none,” said Eric Balchunas. DTCC adds securities to the NSCC security eligibility list in preparation for the launch of a new ETF to the market.
Recently, the SEC designated a longer period to review applications to allow staking for Ethereum ETFs issued by BlackRock, Fidelity, and Franklin Templeton. It also delayed Franklin Templeton’s XRP and Solana ETFs.
XRP, Solana, and HBAR prices recovered after multiple macroeconomic reports signaled a weak labor market and cooling inflation in the United States. This puts 3 Fed rate cuts this year on the table, with some expecting a 50 bps rate cut on September 17.
XRP and SOL prices are trading at $3.03 and $235, up more than 1% and 4% in the last 24 hours. HBAR price jumped more than 25% in a week to $56.43 amid VanEck Hyperliquid ETF and USDH stablecoin developments.
The market is now bracing for crypto options to expire today to continue gaining momentum for another upside run. The crypto market cap surpassed $4 trillion again amid the broader recovery.
✓ Share:
Varinder Singh
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 5000 news articles and papers.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
