Crypto ETFs Could Surge in October
October might be a pivotal month for the crypto market as a wave of new exchange-traded funds (ETFs) approaches. The Securities and Exchange Commission (SEC) is expected to make a final call on 16 different crypto ETFs next month. This development could really shift the landscape.
These ETFs are tied to notable altcoins like Solana (SOL), XRP (XRP), Litecoin (LTC), and the popular memecoin Dogecoin (DOGE), with deadlines spread throughout October.
The Litecoin ETF, linked to a decentralized exchange, has a deadline on October 2nd, followed by Grayscale’s conversion of its Solana and Litecoin Trust on October 10th. The final date for the XRP fund hosted by WisdomTree is October 24th. This timeline is based on insights from Bloomberg ETF analyst James Seyfert.
Interestingly, the SEC could announce decisions at any point before these deadlines, adding an element of suspense.
Analysts from Bitfinex Crypto Exchange have suggested that these crypto ETF approvals might kickstart new altcoin seasons, attracting investors looking for less risky options.
Exciting Times Ahead for ETFs
Nate Geraci, an ETF analyst and president of Novadius Wealth Management, recently remarked that the upcoming weeks would be crucial for spot crypto ETFs, given the approaching deadlines of the applications.
He noted that the week kicks off with the deadline for the Litecoin ETF, followed shortly by verdicts on Solana, Dogecoin, XRP, ADA, and HBAR ETFs. The SEC could approve all or some of these at any time, so there’s a lot to watch for.
Meanwhile, Daan, a crypto trader, labeled October as “ETF month.” He pointed out that major players like Fidelity and BlackRock are not involved in the current deadline batch.
“It’s curious that none of the ETFs with deadlines in October come from Fidelity or BlackRock, which are big names in the crypto ETF arena. That might be significant in the coming weeks,” he opined.
Earlier in June, Seyfert had suggested that there’s a 90% or higher chance of SEC approvals for various crypto ETFs by their final deadlines in October 2025.
SEC Eases Approval Process
This year, the SEC has postponed several crypto ETF decisions and established new deadlines. However, regulators seem to be making efforts to streamline their processes in a more crypto-friendly manner.
The SEC introduced a new listing standard for product-based trust stocks on September 17, which could pave the way for launching future spot crypto ETFs more efficiently.
Seyfert noted that these policy changes signal a favorable move towards a wave of spot crypto ETP launches.
Fellow analyst Eric Baltunas also speculated that there’s more on the horizon, mentioning 22 coins that have futures on Coinbase, indicating a growing interest in the space.
Since the change in listing standards, the asset management firm Hashdex has expanded its crypto ETF offerings to include XRP, Solana, and Stellar (XLM).
