DTCC Lists Fidelity Solana and Canary Crypto ETFs on Website
Fidelity’s Solana ETF and Canary’s Hedera and XRP ETFs have been listed by the DTCC, marking a step toward possible approval, though the final decision remains with the SEC.
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Fact Check
Multiple secondary sources, including Bitget News and Stocktwits, explicitly state that the DTCC has listed the Fidelity Solana ETF (FSOL) and Canary crypto ETFs (XRPC and HBR). This claim is consistent with related evidence, such as SEC filings for a 'Fidelity Solana Fund' and reports of other Solana ETFs appearing on the DTCC website as a preliminary step before potential regulatory approval.
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Summary
Fidelity Investments' Solana ETF (FSOL) and Canary Capital’s Hedera (HBR) and XRP (XRPC) ETFs have been added to the DTCC list of eligible securities. While the listing is an important step, it does not indicate regulatory approval. The SEC has yet to decide on these products, with expectations for approval at high odds due to pro-crypto leadership.
Terms & Concepts
- ETF: An exchange-traded fund that tracks the performance of an asset or group of assets and is traded on stock exchanges like a regular stock.
- DTCC: The Depository Trust & Clearing Corporation, a U.S.-based financial services company providing clearing, settlement, and information services for financial markets.