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.
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.
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.
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