Flood of Major Altcoin ETFs Await SEC Approval in October – Crypto News – Crypto News
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Flood of Major Altcoin ETFs Await SEC Approval in October – Crypto News

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The crypto industry could be set for a flood of new crypto exchange-traded funds in October, with the US Securities and Exchange Commission set to make their final decisions on 16 crypto ETFs next month. 

The ETFs are connected to a variety of major altcoins, including Solana (SOL), XRP (XRP), Litecoin (LTC) and memecoin Dogecoin (DOGE), which have final deadlines scattered throughout October.

Up for approval first is decentralized exchange Canary’s Litecoin ETF, with a deadline of Oct. 2, followed by asset manager Grayscale’s Solana and Litecoin trust conversion on Oct. 10 and ending with WisdomTree’s XRP fund on Oct. 24, according to a list of upcoming approvals created by Bloomberg ETF analyst James Seyffart.

The decision could happen anytime before the final deadline.

Source: James Seyffart

Analysts from the Bitfinex crypto exchange predicted in August that a new altcoin season or rally could be sparked off the back of crypto ETF approvals that provide investors with exposure to the coins with less risk. 

‘Enormous’ next few weeks in ETFs

ETF analyst and NovaDius Wealth Management president Nate Geraci said in an X post on Monday that it will be an “Enormous next few weeks for spot crypto ETFs,” because of all the filings approaching deadlines.

“Starts this week with deadline on Canary spot Litcoin ETF. Will be followed by decisions on sol, doge, xrp, ada, & hbar ETFs, though SEC can approve any or all of these whenever,” he added.

Source: Nate Geraci

Meanwhile, crypto trader Daan Crypto Trades styled October as “ETF month” but noted that two major players, Fidelity and BlackRock, are absent from the list.

“None of the ones with the deadline in October were issued by Fidelity or BlackRock, which are the two major players in the Crypto ETF space. Regardless, might be something to watch out for in the weeks ahead,” Daan Crypto Trades said.

In June, Seyffart placed odds of the SEC approving the various crypto ETFs coming up for a final deadline in October at 90% or higher sometime in 2025.