Solana, XRP, and HBAR ETFs Spark Market Buzz After DTCC Appearance

The second week of September ignited excitement across the crypto market when Fidelity’s Solana ETF (FSOL), Canary’s HBAR ETF (HBR), and an XRP ETF (XRPC) quietly surfaced on the Depository Trust & Clearing Corporation (DTCC) website. While the move signals progress toward broader crypto ETF adoption in the U.S., regulatory clearance is far from guaranteed.

DTCC, a central player in U.S. post-trade processing, routinely lists ETFs during pre-launch preparations. Similar early listings were seen for VanEck’s VSOL ETF and Canary Capital’s Litecoin ETF. The recent inclusion of FSOL, HBR, and XRPC boosted market sentiment, pushing Solana, Hedera, and XRP to fresh September highs as traders speculated on a potential wave of simultaneous ETF approvals.

Analysts caution, however, that a DTCC appearance is only a technical formality. “It’s all on the SEC,” emphasized Bloomberg ETF analyst Eric Balchunas, noting that many tickers never advance beyond this stage.

The SEC recently delayed rulings on Canary’s HBAR ETF and applications for Solana and XRP ETFs from Franklin Templeton. Yet optimism persists: market watchers estimate a 90% chance of approval by year’s end, with projections that ETFs for most top-40 cryptocurrencies could launch within 12 months despite regulatory slowdowns.

For now, the listings underscore investor enthusiasm but remain just one early step in a complex approval process.