October could become a landmark month for the crypto sector, with the U.S. Securities and Exchange Commission (SEC) expected to rule on a wave of exchange-traded fund (ETF) applications tied to digital assets. A total of 16 crypto-focused ETFs have final decision dates lined up throughout the month.
The proposals span several well-known cryptocurrencies such as Solana (SOL), XRP, Litecoin (LTC), and even Dogecoin (DOGE), with deadlines staggered across October.
The review cycle kicks off on October 2 with decentralized exchange Canary’s Litecoin ETF, followed by Grayscale’s applications to convert its Solana and Litecoin trusts on October 10. The calendar wraps up on October 24, when the SEC must decide on WisdomTree’s XRP fund, according to data compiled by Bloomberg ETF analyst James Seyffart. Importantly, the SEC can deliver its verdict at any point before those deadlines.
Could ETF approvals trigger an altcoin rally?
Back in August, analysts from crypto exchange Bitfinex suggested that approvals of altcoin-linked ETFs might ignite the next market upswing, offering investors a safer avenue into major tokens.
ETF specialists also expect the next few weeks to be packed with developments. Nate Geraci, president of NovaDius Wealth Management, wrote on X that it will be an “enormous” period for spot crypto ETFs, starting with the Canary Litecoin ETF and continuing with applications tied to SOL, DOGE, XRP, ADA, and HBAR.
Crypto trader Daan Crypto Trades echoed the sentiment, branding October “ETF month,” though he highlighted the absence of Fidelity and BlackRock, two of the largest players in the ETF space. “Still, something worth paying attention to,” he remarked.
Shifting SEC stance on crypto products
Earlier this year, Seyffart estimated the odds of October’s ETF batch gaining approval at 90% or higher during 2025. The SEC has repeatedly delayed rulings in recent months but is beginning to show signs of easing its stance toward crypto markets.
On September 17, the Commission approved a new listing standard for commodity-based trust shares, a move expected to streamline the launch of future spot crypto ETFs. Seyffart called the adjustment a step toward a “wave of spot crypto ETP launches.”
ETF analyst Eric Balchunas added that more products could follow, noting that at least 22 digital assets with futures on Coinbase could potentially qualify for spot ETFs.
Following this regulatory update, asset manager Hashdex expanded one of its crypto ETFs to include XRP, Solana, and Stellar (XLM) — a sign that the industry is preparing for broader adoption once approvals start rolling in.
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