DTCC lists Fidelity Solana, Canary's HBAR and XRP ETFs, experts warn: still awaiting SEC approval

Fidelity's Solana ETF, Canary's Hedera (HBAR) ETF, and XRP ETF have recently appeared on the website of the Depository Trust & Clearing Corporation (DTCC) in the United States. Although this news has sparked heated discussions in the encryption community, experts have clearly pointed out that the listing by the DTCC is merely an administrative step, and these ETFs still need to obtain final approval from the SEC before they can officially start trading.

DTCC Lists Multiple Cryptocurrency ETFs, Market Sentiment Soars

Three cryptocurrency ETFs have been added to the DTCC website, namely Fidelity's Solana ETF (FSOL), Canary's XRP ETF (XRPC), and Hedera ETF (HBR). This move is seen by many market observers as a positive signal, indicating that the likelihood of these ETFs receiving SEC approval is increasing.

Approval probability: According to Bloomberg, analysts Nate Geraci and Eric Balchunas believe that XRP and Solana ETFs have a 95% approval chance, while HBAR ETF also has a 90% approval chance.

Experts Clarify: Listing Non-Approved, SEC Remains the Final Decider

However, some experts (including Bloomberg's senior ETF analyst Eric Balchunas) quickly clarified that the listing by the DTCC is merely a preparatory administrative step before the launch of the new ETF. This does not mean that the SEC has officially approved its trading.

Importance: Nevertheless, Eric Balchunas also pointed out that the stock codes added to the DTCC website but ultimately failed to launch are "almost none," which somewhat enhances market optimism.

SEC Approval Progress and Timeline

The SEC has recently been delaying the final decisions on various altcoin ETF applications, pushing them back to the statutory final deadlines. According to the latest regulatory documents, the final deadlines for the Solana and XRP ETFs are set for October (e.g., October 16 and 19), while the final decision date for the HBAR ETF has been postponed to November 12.

Performance of Related Asset Prices and Macroeconomic Background

After the macroeconomic report showed a weak labor market and cooling inflation in the United States, market expectations for the Federal Reserve to cut interest rates this year have warmed, which brings positive effects to encryption assets.

Price performance: Boosted by this, the prices of Solana (SOL) and XRP increased by more than 4% and 1% respectively in the past 24 hours. According to the latest data, the price of SOL is approximately $228, and XRP is around $3.03. HBAR has performed strongly over the past week, currently priced at about $0.24 (Note: the $56.43 mentioned in the original report may be a typo).

Total Market Capitalization: Driven by a broader recovery, the total market capitalization of cryptocurrencies has once again surpassed $4 trillion.

Conclusion

The listing of these altcoin ETFs by DTCC is undoubtedly a strong bullish signal, indicating that the final regulatory approval is likely imminent. Although investors still need to wait for the SEC's final decision, the improvement in the macroeconomic environment and sustained institutional interest continue to create a positive backdrop for the broader encryption market.