Solana, HBAR, XRP ETF Listings on DTCC Ignite Market Speculation

According to latest reports, three cryptocurrency exchange-traded funds (ETFs)- Fidelity’s Solana (FSOL), Canary’s XRP (XRPC), and Hedera (HBAR), were added to the Depository Trust and Clearing Corporation (DTCC) listings.  This is good news for the crypto market as DTCC eligibility is required for clearing and settlement of securities.

While the listing doesn’t mean regulatory approval, many see the DTCC listing as a sign of progress towards full product launches. The Securities and Exchange Commission (SEC) still has the final say and current reports have approval odds high for Solana and XRP, with Hedera slightly lower.

What DTCC Listings Mean

The DTCC listings are a technical step involving inclusion in the NSCC (National Securities Clearing Corporation) eligibility roster. This allows market infrastructure, clearinghouses, brokers, custodians, to prepare for possible trading, settlement and clearing of the ETFs once regulatory approval is given.

Fidelity’s Solana ETF (FSOL), Canary’s XRP ETF (XRPC) and Hedera’s ETF (HBR) were added to the DTCC list in mid-September 2025. But multiple industry observers, including ETF analysts like Eric Balchunas and Nate Geraci, note that DTCC addition doesn’t mean the SEC has signed off on the funds.

Also read: Why Altcoin ETF Delays Mount? SEC Pushes Hedera, Solana, and XRP Decisions

Expert Views and Approval Odds

Experts are putting numbers on the probability of these altcoin ETFs being approved. As reported, Solana (FSOL) and XRP (XRPC) have about 95% approval odds, according to Bloomberg analysts and market trackers. Hedera’s ETF (HBR) is slightly lower at 90%.

Official approvals are expected in Q4 2025 with specific dates like mid-October for some (Solana, XRP) and November for Hedera.

These numbers come with caveats. The SEC has delayed decisions in the past and legal or operational checks are still under review. But the market consensus is getting more confident that approval will happen before year-end.

Market Reaction and Price Movement

The DTCC listing triggered immediate market action. Solana jumped about 7% in the 24 hours following the announcement. XRP and Hedera also moved up, but less so. The overall crypto market cap also got back above $4 trillion, as investors see the DTCC listings as a sign that altcoin ETFs might be closer than thought.

Regulatory Status and Remaining Hurdles

Even with high approval odds, there are still regulatory and operational hurdles to clear. The SEC is still reviewing the filings for these ETFs and no formal approval has been given. Some filings (e.g. Franklin Templeton for Solana and XRP) have had delays.

The DTCC listing doesn’t relieve the issuers of compliance requirements, S-1 effectiveness, liquidity and custody proofs and SEC concerns around manipulation or market structure. In short, DTCC listing is helpful but not decisive.

Also read: Top Altcoins to Watch Amid ETF Hype: XRP, SOL, and HBAR 

Conclusion

Based on the latest research, the Altcoin ETF DTCC listing of Solana, XRP, and Hedera ETFs is a big step. Not an approval, but infrastructure is ready and market is expecting. Experts estimate 95% chance of Solana and XRP getting approved by year end, Hedera close behind.

Regulatory and operational hurdles remain, but momentum is building. Whether these ETFs trade actively depends on the upcoming SEC decisions and how clean the issuers’ filings and compliance are.

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Summary

Solana (FSOL), XRP (XRPC), and Hedera (HBR) spot ETFs were added to the DTCC eligibility list, a technical requirement for clearing and settlement, but not a regulatory approval. Experts, including Bloomberg analysts, estimate 95% chance of approval for Solana and XRP ETFs by end of 2025, 90% for HBAR ETF. Solana saw 7% price jump after the listing, XRP and HBAR moved moderately. 

Glossary

DTCC (Depository Trust & Clearing Corporation) – Post-trade financial infrastructure for U.S. securities clearing and settlement.

ETF (Exchange-Traded Fund) – Fund traded on an exchange that holds assets like stocks or crypto, giving investors exposure without direct ownership of the asset.

NSCC Eligibility – Inclusion in the National Securities Clearing Corporation’s list, clearing and settlement ready.

SEC (Securities and Exchange Commission) – U.S. regulatory body that must approve ETF filings and ensure compliance with securities laws.

Altcoin – Any cryptocurrency other than Bitcoin, often used to refer to coins like Solana, XRP, Hedera.

FAQs for Solana, XRP, and HBAR DTCC Listing

Does a DTCC listing mean an ETF is approved?

No. DTCC listing only allows for clearing and settlement infrastructure setup. Official trading still requires SEC approval and all regulatory steps.

Which ETFs are listed in the recent DTCC listing?

Fidelity’s Solana ETF (FSOL), Canary’s XRP ETF (XRPC) and Hedera’s ETF (HBR)

What are the odds of approval?

Experts estimate 95% for Solana and XRP, 90% for Hedera, assuming no major regulatory issues.

When will the approval decisions happen?

Many expect decisions in October and up to mid-November 2025 based on current SEC review cycles and deadline projections.

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