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- DTCC listing buzz pushed Solana up 7% while XRP and HBAR also gained.
- Analysts highlight SEC deadlines near with over 90 crypto ETFs still awaiting review.
Fidelity’s Solana ETF (FSOL), Canary’s Hedera ETF (HBR), and XRP ETF (XRPC) appeared on the Depository Trust & Clearing Corporation (DTCC) website, a standard step in preparing for potential launches. DTCC handles the clearing and settlement of different US financial instruments, including ETFs.
The addition of these products does not imply a green light from regulators. Industry experts also highlighted that the listing only lays the ground just in case the SEC approves the products.
Nate Geraci, President of The ETF Store, wrote, “DTCC ‘listing’ doesn’t mean anything from a regulatory standpoint. It’s all on the SEC.” He described that the action falls under backend readiness, usually known as ETF plumbing.
Another ETF analyst, Eric Balchunas, said the appearance on DTCC’s list strengthens the odds of eventual approval. He stated,
Agree, nothing to see here. That said, how many tickers are added that never launched, probably almost none.
Agree, nothing to see here. that said how many tickers are added that never launched probably almost none
— Eric Balchunas (@EricBalchunas) September 11, 2025
Deadlines Approaching Amid Heavy SEC Backlog
The SEC recently postponed decisions on multiple crypto ETF filings, including Canary Capital’s Hedera ETF and Fidelity’s Solana ETF. Final deadlines are nearing, with the Hedera ETF set for November 12 and Fidelity’s Solana ETF expected by November 14.
Canary’s XRP ETF faces the closest decision date, as CNF reported. The SEC pushed the deadline to October 19, the same as other pending XRP-related funds such as 21Shares Core XRP Trust. These dates highlight a busy schedule of expiring filings within the next couple of months.
Market participants currently anticipate a 90% approval likelihood by 2025. The outcome could provide the avenue for wider ETF exposure to digital currencies beyond Bitcoin and Ethereum.
James McKay, founder of McKayResearch, said that more than 90 cryptocurrency ETFs are awaiting approval. He estimated that funds for nearly every one of the top 30 to 40 cryptocurrencies would reach the markets within 12 months if the current filing pattern continues.
XRP, HBAR, Solana Rally on Listing Buzz
Traders reacted positively to the developments. Solana (SOL) went up 7% and reached $238, while its trading volume rose 55% to $12.97 billion. XRP increased by 2% and reached $3.06. Hedera (HBAR) gained 1.36% to trade at $0.24, supported by a 48% rise in trading activity with a total of 332 million.
Meanwhile, analyst Merlijn pointed to a “Cup and Handle” pattern forming in the altcoin market cap. This technical pattern is often viewed as a bullish formation, indicating a potential for a major upward movement
The chart-projected forecast hints at a possible market value higher than $3 trillion for altcoins should the pattern fully play out. Merlijin added that the current setup looks “too clean to fade,” reflecting strong conviction in the bullish outlook.
