- Fidelity and Canary ETFs for Solana, XRP, and HBAR have been spotted on the DTCC website.
- Experts stress that DTCC listings are procedural and not SEC approval.
- Bloomberg estimates place ETF approval odds at 90–95%, with October as the likely decision window.
Fidelity’s Solana ETF (FSOL), Canary’s XRP ETF (XRPC), and Canary’s Hedera ETF (HBR) appeared on the Depository Trust & Clearing Corporation (DTCC) website, drawing immediate attention from traders. While the listings are procedural and not formal approval, they often signal that an exchange-traded product is close to market launch.
Related: Investors Watch REX-Osprey ETFs as SEC’s 75-Day Window Closes
DTCC Listings Seen as Procedural Step
Industry analysts were quick to remind investors that a DTCC appearance does not equal SEC authorization. Bloomberg’s senior ETF analyst Eric Balchunas explained that DTCC listings are administrative, carried out in preparation for trading, and that the SEC holds the final authority on approvals.
ETF Store President Nate Geraci echoed the point, noting that while technical, DTCC rarely adds products that fail to reach the market. Balchunas went further, calling the development “nothing to see here,” while still acknowledging that the odds for eventual launch remain high.
Approval Odds Pegged at 90–95%
Bloomberg estimates place the chances of approval for Solana and XRP ETFs at 95%, while Hedera’s odds stand at 90%. The SEC has delayed all pending altcoin ETF applications to their final deadlines, with October shaping up as the key month.
Bloomberg ETF analyst James Seyffart has long suggested that the SEC could deliver a batch decision this fall, similar to how Bitcoin and Ethereum ETFs were approved together last year. The agency’s recent postponement of BlackRock’s Ethereum staking ETF and Franklin Templeton’s Solana and XRP ETFs only adds to the expectation that multiple approvals could land at once.
Altcoin Market Awaits Catalyst
Bitfinex analysts argue that without spot ETF approvals, sustained capital inflows into altcoins remain limited. As a result, they believe that a full-blown altcoin season is yet to arrive.
For now, investor appetite appears more measured compared to the aggressive buying that fueled past bull runs, Bitfinex wrote in its late August market report
While the DTCC listings may not be definitive, they mark a critical milestone on the road to altcoin ETF approval.
If the SEC delivers its long-awaited decision in October, the launch of Solana, XRP, and HBAR ETFs could reshape the investment landscape and unlock the long-delayed altcoin season.
Related: Litecoin Price Gains as Grayscale ETF Filing and $100M Treasury Buy Spark Whale Interest
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