ETF Listings for XRP, SOL, and HBAR Progress, but SEC Approval Remains Uncertain

Recent news from DTCC indicates progress towards potential exchange-traded funds (ETFs) based on XRP, SOL, and HBAR. These ETFs are now listed for processing by DTCC, which means brokers, exchanges, and market makers will be prepared to handle trading if the SEC ultimately approves them. This development doesn’t guarantee an SEC approval, however. The listing simply signifies a step towards ETF launches. Experts have clarified that this progress does not move the needle in terms of regulatory approvals. The decision ultimately lies with the SEC, as it is responsible for granting these specific ETFs. Nate Geraci, President of NovaDius Wealth and co-founder of the ETF Institute, emphasizes this point, stating that while the listing itself is significant, it’s just a precursor to SEC approval. This news follows XRP leading in applications for spot ETFs currently at the US SEC desk. Although recent delays with another filing have occurred, a green light for an XRP ETF remains likely, as Polymarket data points to a 93% chance of this year’s approval. Similarly, the odds for a SOL ETF approval are even more optimistic, reaching almost 100% in recent weeks on popular platforms. The article provides detailed information on the progress of these ETFs and their potential impact.