In September 2025, ETFs for Solana (SOL), XRP, and Hedera (HBAR) were listed on the Depository Trust & Clearing Corporation (DTCC) website. However, this does not indicate SEC approval, which is still pending.
ETF Listings and Expectations
ETFs for Solana, XRP, and Hedera have been placed on the DTCC website awaiting final SEC decisions regarding their launch. Key players in these applications include Fidelity, Franklin Templeton, and Canary Capital. The SEC review is ongoing, with decision deadlines extended into late 2025. This means significant changes or launches remain unconfirmed for now.
Market Reaction and Financial Implications
Despite the lack of official approval, the market reacted positively, with asset prices increasing and trading volumes rising. For instance, Solana's value surged over 6%, and HBAR also experienced growth due to ETF listing speculation. As Nate Geraci, President of the ETF Store, noted, "DTCC listing Fidelity Solana ETF and Canary XRP & HBAR ETFs doesn’t mean anything from a regulatory standpoint. It’s all on the SEC." The financial sector is closely watching potential capital inflows that could follow an SEC decision. While these ETFs are not yet active, institutional sentiment is notably optimistic.
Historical Precedents and Outlook
The precedent of Bitcoin and Ethereum spot ETFs showed similar initial listings without immediate launches. History indicates that final approval would be pivotal. Without SEC endorsement, significant ETF market impacts remain hypothetical at best. Market experts point to potential regulatory or financial outcomes, comparing past trends with current developments. Overall, the listing signifies preparatory steps, but without SEC clearance, the situation for XRP, SOL, and HBAR remains uncertain.
Thus, despite positive market signals and the presence of ETF listings, the lack of official SEC approval limits confidence in future launches and potential changes in the market.
