XRP, SOL, HBAR ETFs Hit DTCC Securities List, SEC Decision Looms

Three crypto ETFs appeared on the DTCC’s National Securities Clearing Corporation (NSCC) list: Fidelity’s Solana ETF (FSOL), Canary’s XRP ETF (XRPC), and Canary’s Hedera ETF (HBR).

This report, initially brought by CoinDesk on Twitter, highlights the listings as a potential signal that these funds are near SEC approval. A DTCC onboarding by itself doesn’t guarantee approval; that said, it is still a key step in the operational pipeline, used by issuers to prep for market entry and coordinate with clearing firms.

ETF analyst Eric Balchunas commented on the matter. Balchunas emphasized that entering the DTCC’s list greatly raises the odds that the ETF proposals will eventually get approved, saying: “Agree, nothing to see here. That said, how many tickers are added that never launched, probably almost none.”

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Fidelity’s FSOL listing drew immediate attention. The firm already manages one of the most actively traded spot Bitcoin ETFs in the U.S. Its move into Solana suggests growing institutional confidence in the chain’s scalability and developer activity, despite past network outages.

Canary Capital, a smaller issuer, made headlines months ago for being the first to file for an XRP ETF and an HBAR ETF. Not both tickers XRPC and HBR entered the DTCC’s NSCC list, signaling that the odds of an SEC approval could be closer.

However, that does not mean that entering the list will make the SEC move any faster. Canary’s Litecoin ETF has been on the list since February, and the Commission has yet to move on to approve the filing. 

The SEC has postponed ETF decisions multiple times this year. Now, the commission has a collection of filings sitting on its desk, set to expire in one to two months. For the filings mentioned in this article, Fidelity’s Solana ETF proposal is expected to reach a decision by November 14, similar to Canary’s Hedera ETF, with a deadline on November 12. 

Canary’s XRP ETF is the closest out of the bunch to a decision. The latest postponement pushed a final decision deadline for October 19, roughly one month from today. This matches the timeline for other XRP ETF proposals, including 21Shares Core XRP Trust, which was also pushed to mid-October.