Fidelity and Canary Advance Altcoin ETFs Amid SEC Delays
- On Sept. 11, the DTCC added three altcoin ETFs to its platform, including Fidelity’s Solana ETF (FSOL) and Canary’s HBAR ETF (HBR) and XRP ETF (XRPC).
- This listing is part of the preparation process for potential market debut but does not indicate regulatory approval.
- The SEC has delayed rulings on several altcoin ETF applications, including proposals from BlackRock and Franklin Templeton.
- Currently, there are at least 92 crypto-linked ETF proposals under consideration by the SEC.
The recent addition of these ETFs by the DTCC reflects ongoing efforts by issuers to enter the market despite regulatory hurdles from the SEC. Analysts anticipate that decisions on pending applications may be bundled in October.
With three new altcoin ETFs listed, including Fidelity’s FSOL and Canary’s HBR and XRPC, the interest in crypto-linked funds remains strong despite regulatory delays from the SEC. (Source)
