XRP and Hedera ETFs Reach Major Milestone-Will SEC Approve Them Soon?

XRP and Hedera ETFs listed on DTCC, awaiting SEC approval for launch.

Fridah Kangai
September 13, 2025
11:24 am

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

XRP and Hedera ETFs listed, but SEC approval still uncertain.
Canary Capital and Hedera close to SEC ETF approval.
Market responds positively as XRP and Hedera ETFs gain momentum.

Canary Capital Group’s XRP ETF and Hedera’s ETF proposals have reached a significant milestone. They are both listed on the Depository Trust Clearing Corporation (DTCC) site. This is a good step, but it does not guarantee that they will pass the scrutiny of the U.S. Securities and Exchange Commission (SEC).

Cointelegraph states that this move to include these ETFs, along with the Fidelity Solana ETF, on the DTCC platform is significant. However, the SEC has yet to give the green light. The DTCC listing is merely a formal measure that does not imply an SEC decision.

According to Nate Geraci, the president of NovaDius Wealth Management, the DTCC listing is a preparatory step. He clarified that the SEC did not have a view on such ETFs. The DTCC’s task is to be prepared in case the SEC approves it.

🚨 JUST IN: Fidelity’s Solana ETF, Canary’s XRP and Hedera ETFs are now listed on the DTCC platform. pic.twitter.com/mbhNVGmv5j
— Cointelegraph (@Cointelegraph) September 11, 2025

Also Read: Whales Scoop $229M in Ethereum as Exchange Balances Hit Historic Lows

SEC Delays Decisions, But Optimism Grows

The SEC has been slow in giving its verdicts on several altcoin ETFs this year. Remarkably, the ruling of the XRP ETF has been adjourned to October 18 and 23. The decision on the Hedera ETF will now be in November. Such delays have caused confusion in the market.

In spite of all these delays, analysts are still optimistic. Analysts at Bloomberg believe that the SEC will approve the XRP and Solana ETFs. They rate the XRP and Solana ETFs at 95 percent. The Hedera ETF is said to be approved at 90 percent.

This optimism is based on the hope that the SEC will eventually give the green light to altcoin ETFs. Industry players see the SEC’s long response as just a section in the comprehensive review.

Market Reactions to ETF Progress

This announcement that the ETFs on the DTCC will be listed has had a positive impact on the market. Solana was up 7 percent, Hedera was up 3.63 percent, and XRP was up 1.88 percent. These returns indicate investors’ confidence in the possibility of these ETFs being approved.

The crypto industry is monitoring the sudden actions of the SEC. The acceptance of such ETFs would be a significant advance for altcoins. Crypto enthusiasts and investors are awaiting the SEC’s ultimate decision.

Also Read: Gemini Soars with $3B IPO Valuation: Nasdaq Partnership Boosts Crypto Future!