The crypto market got a jolt of optimism this week as traders spotted exchange-traded funds tied to Solana (SOL), XRP, and Hedera (HBAR) quietly listed on the website of the Depository Trust & Clearing Corporation (DTCC).
The development coincided with renewed bullish momentum, sending prices of the three tokens sharply higher.
Tokens Surge on ETF Speculation
HBAR stole the spotlight with a 25% weekly jump to $56.43, boosted by chatter around VanEck’s Hyperliquid ETF and progress on the USDH stablecoin. Solana also climbed more than 4% in 24 hours to $235, while XRP ticked up past $3.00. The moves helped lift the overall crypto market cap back above $4 trillion, reinforcing a broad sense of recovery.
What the Listings Mean
The DTCC site now shows Fidelity’s Solana ETF (FSOL) alongside Canary’s XRP (XRPC) and Hedera (HBR) products. Such listings typically indicate that operational groundwork for a potential launch is being prepared. For many in the community, that sparked hopes that SEC approval could soon follow.
Bloomberg analysts currently peg approval odds at 95% for Solana and XRP ETFs and 90% for HBAR, with final deadlines in October.
Yet industry veterans were quick to point out that a DTCC appearance is not the same as a regulatory greenlight. Nate Geraci and Eric Balchunas both emphasized that these steps are largely procedural. Balchunas summed it up bluntly: “Nothing to see here.” Still, he acknowledged that once a ticker makes it onto the DTCC list, it almost never disappears — a sign that momentum is real, even if approval isn’t guaranteed.
SEC’s Role Still Looms Large
The SEC has been slow-walking altcoin ETF decisions. Ethereum staking proposals from BlackRock, Fidelity, and Franklin Templeton remain under review, and the commission has repeatedly pushed Solana and XRP deadlines to the last possible date. For now, October remains the critical window when decisions must be made.
Beyond ETFs, macroeconomic tailwinds are bolstering sentiment. Softer US inflation and weak labor data have strengthened bets on three Fed rate cuts this year, with some traders even eyeing a 50 bps cut this September. Combined with ETF anticipation, that mix has traders speculating the current rally could extend further.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/crypto-etf-news-solana-xrp-and-hbar-appear-on-dtcc-list/