Wave of Significant Altcoin ETFs Set to Seek SEC Approval This October

October may bring a surge of new crypto exchange-traded funds, as the US Securities and Exchange Commission prepares to finalize decisions on 16 crypto ETFs next month.

These ETFs are linked to various prominent altcoins, including Solana (SOL), XRP (XRP), Litecoin (LTC), and the memecoin Dogecoin (DOGE), with final deadlines spread throughout October.

The first to seek approval is Canary’s Litecoin ETF, with a deadline of Oct. 2, followed by Grayscale’s Solana and Litecoin trust conversion on Oct. 10, and concluding with WisdomTree’s XRP fund on Oct. 24, as indicated by a list from Bloomberg ETF analyst James Seyffart.

A decision may occur at any time before the final deadline.

Bitfinex crypto exchange analysts forecasted in August that the approval of crypto ETFs could trigger a new altcoin season, offering investors exposure to cryptocurrencies with reduced risk.

‘Enormous’ next few weeks in ETFs

Nate Geraci, ETF analyst and president of NovaDius Wealth Management, noted on X that the upcoming weeks will be “Enormous for spot crypto ETFs,” due to the approaching filing deadlines.

“Kicking off this week with the deadline on Canary’s spot Litecoin ETF. Decisions on Solana, Dogecoin, XRP, Cardano, and Hedera ETFs will follow, although the SEC may approve any or all at any time,” he added.

Meanwhile, crypto trader Daan Crypto Trades has dubbed October “ETF month,” but pointed out that two major players, Fidelity and BlackRock, are missing from this list.

“None of the ETFs with deadlines in October are from Fidelity or BlackRock, which are the key players in the Crypto ETF market. Still, this may be worth monitoring in the coming weeks,” Daan Crypto Trades commented.

In June, Seyffart estimated the SEC’s likelihood of approving the various crypto ETFs with final deadlines in October at 90% or more by 2025.