Private crypto firm 21Shares recently listed two of its ETFs—the 21Shares Polkadot ETF (TDOT) and 21Shares Sui ETF (TSUI)—on the Depository Trust & Clearing Corporation (DTCC) on Tuesday. Both listings are part of the standard preparation process for launching new ETFs.
It’s important to note that this DTCC listing does not indicate regulatory approval. Instead, it reflects standard operational steps and growing confidence in the underlying assets. Both ETFs still require formal approval from the U.S. Securities and Exchange Commission (SEC) before they can start official trading.
The SEC’s decision deadlines are set for November 2025 for TDOT and December 2025 for TSUI. Recently, the SEC simplified the ETF approval process by removing the need for the 19b-4 filing, making it easier for crypto ETFs to move toward official listing.
Market Reaction to 19b-4 Rule Change
Starting tomorrow, October 2, the U.S. Securities and Exchange Commission (SEC) will begin issuing final decisions on crypto ETF approvals. Applications for Litecoin ETFs, including those from Canary, Grayscale, and CoinShares, will enter the final phase of the approval process.
Bloomberg analyst Eric Balchunas recently raised the odds of a crypto ETF approval to 100%, reflecting growing confidence in the SEC’s upcoming decisions.
Balchunas said, “Who’s ready for Cointober? Spot crypto ETF Deadlines start this week! Litecoin and Solana up first. Should be a wild month.”
As crypto ETF approvals approach, the SEC warned investors to watch out for scams. Crypto users should stay alert and avoid fraud.
DTCC Listing Buzz in Crypto ETFS
Over the past few weeks, DTCC listed multiple crypto ETFs, including Fidelity Solana ETF (FSOL), Canary HBAR ETF (HBR), and Canary XRP ETF (XRPC). However, neither of those ETFs has been approved by the SEC yet.
These listings are a groundwork that signals an upcoming SEC approval, but does not necessarily guarantee it. So, despite appearing on the DTCC platform, ETFs cannot trade without SEC approval.
