The Depository Trust & Clearing Corporation (DTCC) has added new crypto ETFs to its eligibility list as of September 12, 2025, including the Fidelity Solana ETF and Canary ETFs for Hedera and XRP. These actions indicate growing institutional interest in cryptocurrencies.
Preparing for Crypto ETF Launch
DTCC has listed new crypto ETFs including Fidelity Solana ETF, Canary Hedera ETF, and Canary XRP ETF to its eligibility list, which does not imply SEC approval. The involvement of ETF issuers like Fidelity Investments and Canary Capital signals increasing interest in altcoins such as Solana and Hedera.
Surge in Altcoin Trading Volumes
Following the announcement of new listings, there has been a sharp increase in trading volumes and prices for Solana, Hedera, and XRP. This suggests strong market sentiment and speculative interest. Experts emphasize that SEC approval is a key factor necessary for significant market impact.
Need for SEC Approval
Historically, SEC approvals, like that of VanEck’s Solana ETF, are crucial for effective market operations. Approvals for Bitcoin and Ethereum ETFs have previously led to institutional inflows and price increases. Data analysis shows similarities in price and network impacts, pending ETF launches and regulatory endorsement. ETF analyst Eric Balchunas agreed, noting that few added tickers ever launch without SEC approval.
In conclusion, the new crypto ETF listings highlight growing interest from institutional investors, while SEC approval remains a necessary factor for further market progress.
