Market News

DTCC Lists Solana and XRP ETFs: A Step Toward Institutional Acceptance

Three proposed cryptocurrency ETFs—Fidelity’s Solana ETF (FSOL), Canary’s XRP ETF (XRPC), and Canary’s HBAR ETF (HBR)—have recently received ticker listings from the U.S. Depository Trust and Clearing Corporation (DTCC).

This development signals progress toward the launch of these investment products; however, it is crucial to understand that a DTCC listing does not equate to regulatory approval from the Securities and Exchange Commission (SEC).

Industry experts, including Nate Geraci, emphasize that the SEC's decision is the true determining factor for ETF approval.

Despite some excitement in the market, current predictions show that approval odds for these ETFs are high, with Solana at 99.7% and XRP at 92%, although the SEC has delayed definitive timelines.

The original deadline for these approvals has now been pushed to November 14, 2025, extending uncertainty for interested investors.

In light of this news, XRP and Solana are currently trading at significant levels, worth $3.06 and $238.52, respectively.

The successful launch of these ETFs could potentially enhance the ecosystems surrounding these altcoins and drive their market capitalizations to new heights.

The DTCC’s involvement is a vital step in the crypto sector's push for mainstream adoption, as it indicates preparedness for future trading on major exchanges.

While impending SEC approvals remain pivotal, the listing of these ETFs evokes optimism for a more robust institutional presence in the cryptocurrency market.

Ultimately, these developments could pave the way for an expansion in the investment avenues available to traditional investors, further bridging the gap between conventional finance and the crypto world.