- Fidelity and Canary’s HBAR, Solana, and XRP ETFs were listed on the DTCC website, with SEC approval odds at 90–95% ahead of October deadlines.
- The REX-Osprey Spot XRP ETF will launch on Sept. 12, directly holding XRP for regulated investor access.
- Solana and XRP prices are rallying, with SOL up 15% weekly and XRP gaining 8% on strong ETF anticipation.
Fidelity Investments and Canary Capital have taken a big step by getting their proposed HBAR, Solana, and XRP ETFs listed on the DTCC website. While this doesn’t mean trading begins immediately, it signals that the products are being prepared for potential market launch. According to Bloomberg, approval odds are high—95% for Solana and XRP ETFs and 90% for HBAR, with the SEC facing final deadlines in October. Market sentiment has turned optimistic, with these developments seen as paving the way for a new wave of regulated crypto products.
Why DTCC Listings Matter but Don’t Guarantee Approval
The DTCC listing places securities on the NSCC eligibility list, which is essentially a readiness step before an ETF hits the market. Analysts like Nate Geraci and Eric Balchunas have clarified that this move is administrative rather than a guarantee of approval. Still, it adds credibility to the filings and boosts investor expectations that SEC approval is near. Canary Capital has also filed an “America-First” crypto ETF covering US-created digital assets, adding another layer of attention to the regulatory pipeline.
REX-Osprey XRP ETF to Launch on September 12
While Fidelity and Canary await the SEC’s decision, the REX-Osprey Spot XRP ETF has already cleared its path. With the SEC completing its review without objections, this product will launch on September 12 under the Investment Company Act of 1940. Unlike futures-based ETFs, it will directly hold XRP tokens, giving both retail and institutional investors a simple way to gain regulated exposure. The launch is expected to further legitimize crypto ETFs in the US market.
Market Reaction: Solana and XRP Lead the Charge
Crypto markets have responded positively to the ETF buzz. Solana, trading near $239, has surged 6.3% in a day and stacked up 15% weekly gains, outperforming most altcoins while eyeing a breakout above $238 resistance. XRP, on the other hand, has crossed the $3.05 level and is up 8% for the week. Both tokens are enjoying renewed momentum as investors bet that ETF approvals could open the floodgates for institutional inflows.
