The Depository Trust and Clearing Corporation (DTCC) has updated its list with applications for digital asset ETFs, including those for XRP, HBAR, and SOL. However, this update does not guarantee approval from the SEC.
ETF Applications from DTCC
Recently, DTCC added to its report applications for ETFs that will track the performance of cryptocurrencies XRP, HBAR, and SOL. Specifically, these include the funds from Fidelity (FSOL), Canary (XRPC), and Canary (HBR). These tickers have been entered into the DTCC system, signaling to brokers and markets that they will be able to process trades once approved by the SEC.
Expert Opinions on ETFs
Despite the listing, experts emphasize that this does not guarantee approval from the SEC. Nate Geraci, President of NovaDius Wealth and co-founder of the ETF Institute, noted that while this development is positive, it does not move the needle in terms of actual approval. His views were echoed by other specialists, such as Eric Balchunas and James Seyffart.
Chances of ETF Approval
Currently, XRP has the most applications sitting on the SEC's desk for ETF approval. According to Polymarket, the chances for an XRP ETF this year are at 93%. For SOL, these chances have risen almost to 100% in recent weeks.
Thus, while the addition of ETF applications for XRP, HBAR, and SOL is a significant step, the ultimate decision rests with the SEC.
