Fidelity and Canary ETFs Listed by DTCC Amid SEC Approval Process
- Three crypto ETFs listed on the DTCC website include Fidelity’s Solana ETF (FSOL), Canary’s XRP ETF (XRPC), and Canary’s Hedera ETF (HBR).
- XRP and Solana ETFs have a combined approval probability of 95%, while HBAR has a chance of about 90% according to Bloomberg.
- The SEC’s final deadline for approving or denying the XRP and Solana ETFs is set for October.
- Recent macroeconomic reports indicate a cooling inflation trend, contributing to price recoveries in XRP, SOL, and HBAR.
- XRP is currently priced at $3.03, SOL at $235, and HBAR has increased over 25% this week to $56.43.
The listings on the DTCC are administrative steps that do not equate to regulatory approval from the SEC, which remains necessary before trading can commence. The market is closely watching these developments as it anticipates potential rate cuts from the Federal Reserve amid favorable economic indicators.
As of now, the crypto market cap has surpassed $4 trillion again, reflecting overall recovery trends with XRP and SOL seeing gains of over one percent in recent trading sessions. (Source)
