The cryptocurrency sector anticipates an influx of new exchange-traded funds (ETFs) in October, with the US Securities and Exchange Commission poised to finalize decisions on 16 crypto ETFs next month.
These ETFs are linked to various prominent altcoins, such as Solana (SOL), XRP (XRP), Litecoin (LTC), and the meme coin Dogecoin (DOGE), which have submission deadlines spread across October.
Leading the approval process is the Litecoin ETF from decentralized exchange Canary, due on Oct. 2, followed by Grayscale’s Solana and Litecoin trust conversion on Oct. 10, concluding with WisdomTree’s XRP fund on Oct. 24, according to a timeline compiled by Bloomberg ETF analyst James Seyffart.
Decisions could be made at any point before the final deadline.
Analysts from Bitfinex predicted in August that a new altcoin season or rally could arise from crypto ETF approvals, offering investors safer exposure to these coins.
‘Significant’ Upcoming Weeks for ETFs
ETF analyst and NovaDius Wealth Management president Nate Geraci stated in a post on X this Monday that the upcoming weeks will be “significant for spot crypto ETFs” due to the approaching filing deadlines.
“The process starts this week with the deadline for Canary’s spot Litecoin ETF, followed by decisions on Solana, Dogecoin, XRP, Cardano, and Hedera ETFs, but the SEC could approve any or all of these at any time,” he remarked.
Furthermore, crypto trader Daan Crypto Trades branded October as “ETF month,” but highlighted that two significant firms, Fidelity and BlackRock, are not represented among the submissions.
“None of the applications with deadlines this October were filed by Fidelity or BlackRock, the two major players in the Crypto ETF market. Nonetheless, this might be worth monitoring in the coming weeks,” remarked Daan Crypto Trades.
In June, Seyffart estimated the likelihood of the SEC approving various crypto ETFs by the October deadline at 90% or higher by 2025.
SEC Streamlines Approval Processes
The SEC has postponed decisions on numerous crypto ETFs throughout 2025, establishing multiple new deadlines; however, the agency has also made strides to reduce timelines amidst a more accommodating stance towards cryptocurrency.
Related: REX-Osprey crypto ETFs to debut Friday, barring SEC objections — Bloomberg analyst
On Sept. 17, the SEC approved a new listing standard for commodity-based trust shares, potentially accelerating the launch of future spot crypto ETFs.
Seyffart noted that this policy shift would pave the way for a “surge of spot crypto ETP launches.”
Fellow ETF analyst Eric Balchunas speculated there could soon be many more, pointing to 22 coins with futures on Coinbase that could qualify for a spot ETF.
Since the new listing standards were implemented, asset manager Hashdex has already broadened its crypto ETF to encompass XRP, Solana, and Stellar (XLM).
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