- Filings for crypto ETFs based on Hedera (HBAR), Solana (SOL), and XRP appeared on the DTCC website, signaling proximity to launch.
- Solana’s price rose nearly 6% within 24 hours, influenced by Galaxy Digital’s purchase of over two million SOL tokens.
- Hedera’s price increased 2.5%, while XRP gained 1.3% in the same period; retail sentiment remains mixed across these tokens.
- Listing on the Depository Trust and Clearing Corporation (DTCC) is procedural and does not equal regulatory approval, which the SEC still must grant.
- Market expectations for ETF approval remain high despite repeated SEC delays; betting markets show strong probability for Solana and XRP ETFs before year-end.
Several crypto ETFs tied to Hedera (HBAR), Solana (SOL), and XRP were registered on the Depository Trust and Clearing Corporation (DTCC) website on Thursday.
These filings by Fidelity Investments and Canary Capital suggest the ETFs are moving closer to launch, pending approval from the U.S. Securities and Exchange Commission (SEC).
In price movements linked with the news, Solana rose almost 6% over the last 24 hours.
The increase was partly driven by Galaxy Digital acquiring more than two million SOL tokens. Hedera’s token price gained 2.5%, while XRP increased by 1.3% during the same period.
Retail sentiment on the social platform Stocktwits showed Solana moving into bullish territory, although Hedera and XRP remained bearish.
The DTCC listing is a routine step involved in preparing ETFs for launch and does not guarantee SEC approval.
The SEC must still authorize the funds before they begin trading. Bloomberg ETF analyst Eric Balchunas noted on X (formerly Twitter) that most tickers appearing on DTCC historically proceed to launch eventually.
The SEC has delayed rulings on altcoin ETFs multiple times this year. For example, it postponed a decision on Canary’s XRP ETF until a window between October 18 and 23.
It also delayed approval for Canary’s Hedera ETF and Franklin Templeton’s Solana and XRP ETFs.
Despite these delays, market platforms like Polymarket indicate a roughly 99.7% chance of approval for Solana’s ETF and 92% for XRP’s ETF before the end of the year.
Retail investors have expressed interest on Stocktwits, with one XRP trader planning to include the ETF in their 401(k) retirement account once it launches.
Discussions also suggest that some digital treasury companies are accumulating Solana tokens in anticipation of the ETF launches.
Listing on the DTCC website precedes SEC approval and is a normal part of ETF rollout. The SEC’s regulatory review remains the final step before trading can commence.
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