Personal crypto agency 21Shares lately listed two of its ETFs—the 21Shares Polkadot ETF (TDOT) and 21Shares Sui ETF (TSUI)—on the Depository Belief & Clearing Company (DTCC) on Tuesday. Each listings are half of the usual preparation course of for launching new ETFs.
It’s necessary to notice that this DTCC itemizing doesn’t point out regulatory approval. As a substitute, it displays commonplace operational steps and rising confidence within the underlying property. Each ETFs nonetheless require formal approval from the U.S. Securities and Change Fee (SEC) earlier than they’ll begin official buying and selling.
The SEC’s determination deadlines are set for November 2025 for TDOT and December 2025 for TSUI. Not too long ago, the SEC simplified the ETF approval course of by eradicating the necessity for the 19b-4 submitting, making it simpler for crypto ETFs to maneuver towards official itemizing.
Market Response to 19b-4 Rule Change
Beginning tomorrow, October 2, the U.S. Securities and Change Fee (SEC) will start issuing ultimate choices on crypto ETF approvals. Functions for Litecoin ETFs, together with these from Canary, Grayscale, and CoinShares, will enter the ultimate part of the approval course of.
Bloomberg analyst Eric Balchunas lately raised the percentages of a crypto ETF approval to 100%, reflecting rising confidence within the SEC’s upcoming choices.
Balchunas said, “Who’s prepared for Cointober? Spot crypto ETF Deadlines begin this week! Litecoin and Solana up first. Needs to be a wild month.”
As crypto ETF approvals strategy, the SEC warned buyers to be careful for scams. Crypto customers ought to keep alert and keep away from fraud.
DTCC Itemizing Buzz in Crypto ETFS
Over the previous few weeks, DTCC listed multiple crypto ETFs, together with Constancy Solana ETF (FSOL), Canary HBAR ETF (HBR), and Canary XRP ETF (XRPC). Nonetheless, neither of these ETFs has been permitted by the SEC but.
These listings are a groundwork that indicators an upcoming SEC approval, however doesn’t essentially assure it. So, regardless of showing on the DTCC platform, ETFs can not commerce with out SEC approval.
