12 Sep
12Sep

On September 11, 2025, the Depository Trust and Clearing Corporation (DTCC) listed three new spot crypto ETFs: Fidelity's Solana (FSOL), Canary Capital's XRP (XRPC), and Canary's Hedera (HBR). While this listing does not mean the ETFs are officially approved by the U.S. Securities and Exchange Commission (SEC), analysts believe it's a significant step, showing that the infrastructure is being put in place for these products to potentially be traded on major exchanges.


Why the DTCC Listing Matters

The DTCC is a crucial part of the U.S. financial system, responsible for settling most securities trades. When a new product is added to its system, it signals that the necessary groundwork for future trading is being laid. This is a strong indicator that the launch process is moving forward, even as the SEC's final approval remains pending.

Growing Interest and Price Impact

With more than 90 crypto ETF applications currently awaiting SEC approval, the listings for Solana and XRP are particularly noteworthy. Following the success of Bitcoin and Ethereum ETFs, these new products could usher in a new wave of institutional investment.

  • XRP's Price Momentum: The news has positively impacted XRP's price, which is currently trading at $3.05, up 1.53% in the last 24 hours. The trading volume has also surged by 34%. Analysts are watching key resistance levels around $3.20 and $3.35, with a potential for a new buying spree if the price closes above $3.12.
  • Solana's Price Momentum: Solana's price has also seen a significant increase, trading at $238.24, up 6.52% in the last 24 hours, with trading volume rising by 33%. The token has strong technical indicators, including an RSI of 66 and a bullish MACD crossover. Experts suggest a breakout above $228.91 could push the price even higher.

The SEC recently delayed its decision on the Franklin XRP ETF to November 14, 2025, with several other filings also due in the coming months. As the crypto market awaits these decisions, the DTCC listings for the Solana and XRP ETFs suggest a potential "next giant leap" for Wall Street's engagement with the crypto world. If approved, these ETFs could attract trillions in institutional capital and fundamentally change market dynamics.

September 2025, Cryptoniteuae

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