Canary Capital Group has taken a significant step forward with the filing of its XRP Exchange-Traded Fund (ETF) application with the Depository Trust & Clearing Corporation (DTCC). This listing is notable, as it signifies technical preparations for potential market launch. The DTCC list inclusion joins applications from Fidelity’s Solana ETF and Canary’s HBAR and Litecoin ETFs, raising market expectations surrounding XRP, SOL, HBAR, and LTC ETFs. However, it’s important to note that this listing does not automatically indicate SEC approval for the associated product. Nate Geraci, President of NovaDius Wealth Management, points out a similar pattern with Bitcoin and Ethereum ETFs where DTCC listings preceded market launches, but final approvals are required from the SEC. This process is expected to apply to XRP, SOL, HBAR, and LTC as well. Inclusion on the DTCC list doesn’t guarantee an ETF will be traded on the market; it signals that the product is ready for potential trading. The SEC ultimately holds the power to approve or reject these applications. Franklin Templeton’s delayed decision regarding its XRP ETF application further supports this notion, with a November 14th deadline looming. Bill Morgan, a leading legal figure in the XRP community, highlights this delay as a sign of an impending SEC decision regarding the XRP ETF and other altcoin applications. Despite the optimism surrounding this development, it’s crucial to remember that the SEC’s rigorous review process for Bitcoin ETFs is likely to follow with XRP, ensuring thorough examination before any approval for trading is granted. The post Canary Capital Boosts Market Buzz with New ETF Filings appeared first on COINTURK NEWS.