Solana, XRP, and Hedera (HBAR) ETFs have been noticed on the DTCC’s eligibility record, fueling hypothesis that SEC approval might be simply across the nook.
Key Takeaways
- Constancy and Canary Capital’s ETFs for Solana, XRP, and HBAR at the moment are listed on DTCC’s platform, signaling technical readiness for potential launches.
- Bloomberg analysts assign excessive odds of SEC approval: 95% for Solana and XRP ETFs, and 90% for HBAR.
- The REX-Osprey Spot XRP ETF has already been cleared and will launch on September 12, boosting optimism for different altcoin merchandise.
- Regardless of the joy, consultants warning that DTCC listings are procedural and not regulatory approval.
What Occurred?
Crypto traders have been energized this week after ETFs for Solana, XRP, and Hedera (HBAR) have been quietly added to the Depository Belief & Clearing Company (DTCC) itemizing. These entries included Constancy’s Solana ETF (FSOL), Canary’s XRP ETF (XRPC), and Hedera ETF (HBR). Whereas these listings will not be confirmations of regulatory approval, they symbolize a key step in ETF infrastructure setup and have sparked renewed hope for imminent SEC greenlights.
$SOL and $XRP ETF approval is way nearer than you suppose.
At this time, DTCC listed Constancy’s Solana and Canary’s XRP ETF.
For many who don’t bear in mind, one thing related occurred in This autumn 2023 earlier than Bitcoin ETFs approval. pic.twitter.com/bmROvmRxbF
— Cas Abbé (@cas_abbe) September 12, 2025
ETF Listings Appear on DTCC Platform
On September 11, Constancy and Canary Capital took a serious step ahead by getting their altcoin ETFs listed on the DTCC’s NSCC eligibility file. This backend motion helps clear the best way for clearing and settlement processes that may be required if and when the SEC grants closing approval.
- Constancy’s Solana ETF (FSOL) was probably the most distinguished additions.
- Canary’s XRP (XRPC) and Hedera (HBR) ETFs have been additionally listed.
- These listings point out technical preparedness, however not regulatory clearance.
As famous by Bloomberg ETF analyst Eric Balchunas, as soon as a ticker seems on the DTCC’s platform, “it virtually by no means disappears.” Nevertheless, each he and ETF Retailer president Nate Geraci emphasised that the step is essentially administrative.
Market Responds With Optimism
Costs for the three tokens surged on the information:
- HBAR jumped 25%, pushed by ETF buzz and new stablecoin developments.
- Solana rose greater than 6% in 24 hours, with a weekly achieve of 15%.
- XRP crossed the $3.05 mark, with an 8% rise over the previous week.
The general crypto market cap additionally rebounded above $4 trillion, reflecting a broad wave of investor confidence.
REX-Osprey XRP ETF Launches First
In a carefully associated growth, the REX-Osprey Spot XRP ETF is about to launch on September 12, 2025. This ETF has accomplished the SEC’s 75-day overview interval with out objections and is authorised underneath the Funding Firm Act of 1940.
This makes it the first spot XRP ETF to hit the market, providing direct token publicity through commonplace brokerage platforms. The transfer is predicted to speed up momentum for different spot altcoin ETFs, together with these from Franklin Templeton, Grayscale, and Bitwise, all of which have purposes nonetheless underneath SEC overview.
Approval Odds and Upcoming Deadlines
In line with Bloomberg knowledge:
- Solana and XRP ETFs have a 95% probability of approval
- HBAR ETF has a 90% probability
- XRP’s closing resolution deadline is November 14, 2025
- Solana and HBAR choices are anticipated in October
Regardless of these excessive approval odds, current delays in Ethereum staking ETFs and Canary’s earlier Litecoin ETF spotlight the SEC’s cautious method to altcoin-based monetary merchandise.
CoinLaw’s Takeaway
I’ve seen sufficient ETF cycles to know {that a} DTCC itemizing isn’t simply noise. It indicators that large gamers are getting programs in place for launch. Certain, it doesn’t assure something from the SEC, however tickers hardly ever present up on DTCC only for enjoyable. In my expertise, whenever you see this a lot backend motion and analyst confidence lining up, it normally means the end line is shut.
What stands out to me most is how HBAR, which hardly ever will get spotlighted, is out of the blue gaining main consideration. I discovered the REX-Osprey launch particularly telling, as a result of if that goes easily, it units a robust precedent for the remainder. If you happen to’re watching the crypto ETF area, the following two months are going to be large.
