Fidelity and Canary Ignite Crypto Markets with DTCC-Listed Altcoin ETFs as SEC Stalls

Wall Street giants just bypassed regulatory gridlock—launching altcoin ETFs directly through DTCC while the SEC remains stuck in deliberation mode.

Market Moves Ahead of Regulators

Fidelity and Canary's strategic pivot to DTCC listing slashes through bureaucratic delays, giving institutional investors immediate access to diversified crypto exposure without waiting for SEC approval. Trading volumes surged as major funds reallocated portfolios toward these newly accessible instruments.

The institutional floodgates are cracking open—proving once again that financial innovation waits for no regulator, while traditional finance scrambles to keep pace with crypto's relentless momentum.

Crypto ETFs

This development arrives as the SEC repeatedly postponed rulings on a wave of altcoin ETF filings, continuing its cautious stance even after greenlighting Bitcoin and ethereum spot funds last year.

On Sept. 10, the regulator delayed three applications, including BlackRock’s proposal for an Ethereum staking ETF and Franklin Templeton’s spot Solana and XRP funds filings.

The postponements extend a broader review process as the SEC develops a generic framework to streamline future approvals.

Analysts expect the commission to bundle decisions in October, consistent with previous cycles where multiple rulings landed within the same window.

The agency currently has at least 92 crypto-linked ETF proposals under consideration, highlighting the scale of industry demand.