Fidelity, Canary ETFs Gain DTCC Eligibility Status
Fidelity’s Solana ETF, Canary’s HBAR, and XRP ETFs are now on the DTCC’s eligibility list, an essential administrative step, though SEC approval is still required.
The DTCC listing triggers market excitement, with asset values rising but SEC decisions pending. It’s a preparatory move for institutional acceptance, not final approval.
Fidelity’s Solana ETF and Canary’s HBAR, XRP ETFs have been added to the Depository Trust & Clearing Corporation’s (DTCC) eligibility list. This development signals a technical step towards approval but does not equate to SEC regulatory endorsement. Fidelity and Canary, key players in the crypto sector, have proposed these ETFs. Listing by DTCC means their systems are technically ready, yet SEC approval is pending. This development involves notable market analysts and institutional asset managers.
This generated significant responses in the crypto market, with Solana seeing over a 6% price jump. Investors and institutions are reacting positively, indicating strong anticipation for these ETFs despite the lack of regulatory clearance at present. Financial impacts include increased trading volumes and market activity for the involved cryptocurrencies. However, these listings do not assure regulatory approvals, which remain contingent on SEC decisions now extended to November 2025.
Fidelity, Canary ETFs Gain DTCC Eligibility Status
The addition to DTCC’s list is a procedural step, not indicative of imminent launch. Historical data shows that approved Bitcoin and Ethereum ETFs yielded dramatic asset inflows. Similar outcomes are anticipated for Solana, XRP, and HBAR should approvals be granted. Future prospects are promising, but contingent on SEC approval. Market odds suggest high confidence for ETF launches, backed by historical trends of institutional engagement post-ETF approvals. This expectation aligns with previous market dynamics in crypto ETFs.
