Ah, the Depository Trust & Clearing Corporation (DTCC) – that most scintillating of institutions, famed for transforming the thrilling world of financial transactions into an exercise in bureaucratic pageantry – has deigned to list three new cryptocurrency exchange-traded funds. Behold Fidelity’s Solana ETF (FSOL), Canary’s XRP ETF (XRPC), and Canary’s Hedera ETF (HBR), now lounging on their website like debutantes awaiting their first ball.
But hold your applause! This is but a mere administrative pirouette, a nod from the DTCC that these ETFs exist somewhere in the whimsical realm of “not-yet-approved” by the venerable U.S. Securities and Exchange Commission, that august body which delights in exercising the virtue of procrastination.
SEC approval, dear reader, is the celestial key that unlocks the gates for these ETFs to dance in the marketplace. According to the oracle James Seyffart-whose prognostications on X are as eagerly awaited as a new scandal at the opera-the chances stand thus: an 85% likelihood that the SEC will accept XRP, 90% that Solana will slip through, and a gracious 80% for Hedera. Mark your calendars for October, when the SEC, having taken its sweet time, will unveil its final verdict, having delayed all altcoin ETF decisions to savor the suspense.
This theatrical delay, of course, echoes the endless suspense that surrounded Ethereum ETF applications by heavyweights like BlackRock and Fidelity-because nothing says “thrilling” quite like regulatory limbo. Franklin Templeton’s Solana ETF also finds itself waiting in the wings, perhaps penning sonnets about patience.
Our wise sages, including Bloomberg’s senior analyst Eric Balchunas, have solemnly reminded the masses that a DTCC listing is not, in fact, the SEC’s kiss of approval. Balchunas sagely observed in a post that, “Agree, nothing to see here. That said, how many tickers added never launched? Probably almost none.” Ah, the reassuring sound of near certainty amidst the fog of market mystique.
Recent XRP, Solana, and HBAR Prices
The listings, then, are but a polite gesture, signalling the ETFs are primed for their market debut-pending the inevitable fiscal red tape. Currently, CoinMarketCap informs us that XRP flutters at $3.07, boasting a trading volume of $5.87 billion and a regal market cap of $183 billion. Solana (SOL) prances at $238.97 with a volume of $12.17 billion and a market cap of $129.06 billion-quite the dashing figure.
Meanwhile, the humble Hedera (HBAR) trades modestly at $0.2455, with $321.6 million in volume and a dignified market cap of $10.4 billion. Such numbers might not incite a waltz, but they certainly suggest a respectable soirée in the making. 🥂
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2025-09-12 17:13