Canary Capital Group‘s spotlight XRP ETF Application is on the website of Depository Trust & Clearing Corporation (DTCC), which provides central clearing and agreement services for securities in the USA Listed. In the same list, Fidelity Solana ETF Application, Canary’s HBAR ETF And Litecoin 
$115.81 ETF He also took part in the application. This development increased expectations for the ETF process for XRP, SOL, HBAR and LTC in the market.
What does DTCC list mean?
DTCCIs one of the main institutions that provide infrastructure for the registration, exchange and agreement of securities in the US markets. The introduction of an ETF application to a DTCC list means technical preparation for a possible market. However, this does not mean that the US Securities and the Stock Exchange Commission (SEC) approves the relevant product.
Head of Novadius Wealth Management Nate GeraciThe DTCC list is only a standard preparation step, he said. Bitcoin before 
$115,217.87 and Ethereum 
$4,531.40 Similar listings were observed in ETF processes, but SEC approval was expected for the final decision. Because XRP, LEFT, Hbar And LTC It is emphasized that the same procedure is applied for.
The point that investors should pay attention to is that it is not certain for an ETF that entered the DTCC list to be traded in the market. One ETFThe official and open approval of the SEC is essential for the process to be opened in the market.
Expectations for XRP ETF
SelectionETF applications prepared for the crypto money market is the final decision authority. One of the prominent applications on the XRP side is Franklin Templeton’s application. The decision date on this application was postponed to 14 November. Short -term postponement indicates that the evaluation process has reached the final stage.
From the prominent lawyers in the XRP community Bill Morganthe postponement shows that SEC can make a definite decision soon. According to Morgan, the process with XRP ETF altcoin He points out that the applications are also in the final evaluation stage.
On the other hand, it is known that SEC has made long evaluations in Bitcoin ETF approval processes in the past. A comprehensive examination is expected to be carried out for XRP. So before the process is completed ETFIt is not possible for the approved to be traded on the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
