DTCC Adds XRP, SOL & HBAR Spot ETFs; SEC Decision Pending
DTCC has added spot ETF applications for XRP ETF, SOL ETF and HBAR ETF—Fidelity’s FSOL and Canary’s XRPC and HBR—to its NSCC eligibility list, paving the way for brokers and market makers to process trades once the SEC gives formal approval. Bloomberg and Polymarket data show high odds for these funds, with a near 100% chance for a SOL ETF and around 90–95% for an XRP ETF and an HBAR ETF. Despite issuers’ readiness, experts including Nate Geraci warn that a DTCC listing does not affect regulatory approval; the SEC’s final decision on these crypto ETFs is due by October. Meanwhile, the REX-Osprey Spot XRP ETF has cleared its 75-day review and is set to launch on September 12, offering direct XRP exposure. Market sentiment is bullish, with SOL up more than 15% and XRP gaining 8% this week as traders anticipate an SEC green light.
Bullish
The DTCC listing of spot ETFs for XRP, SOL and HBAR signals growing institutional readiness and bullish market sentiment. With near-certain approval odds for SOL ETF and high probabilities for XRP ETF and HBAR ETF, traders have driven SOL and XRP prices up significantly. Short-term, this optimism may fuel further buying as the SEC decision approaches. Long-term, successful approvals could boost liquidity and institutional participation, solidifying support for these altcoins. Historical precedents with Bitcoin ETFs suggest a sustained positive trend post-approval.