October Poised to Be ‘ETF Month’ as 16 Crypto Funds Await SEC Decisions
The U.S. Securities and Exchange Commission (SEC) is set to make pivotal decisions on 16 crypto exchange-traded fund (ETF) applications in October, marking a potentially transformative period for digital asset markets.
Analysts and industry insiders are watching closely, anticipating a wave of approvals that could shape investor access to altcoins such as Solana (SOL), XRP, Litecoin (LTC), Dogecoin (DOGE), Cardano (ADA), and Hedera (HBAR).
Leading the calendar is Canary’s Litecoin ETF, with a final decision due on October 2. Other key deadlines include Grayscale’s Solana and Litecoin trust conversions on October 10 and WisdomTree’s XRP fund on October 24. While the SEC could act at any time before these deadlines, the staggered schedule sets the stage for a series of high-profile regulatory rulings throughout the month.
NovaDius Wealth Management president Nate Geraci described the coming weeks as “enormous for spot crypto ETFs,” emphasizing the flurry of filings from major institutions including Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital.
In a post on X, Geraci noted that the updated S-1 filings submitted to the SEC provide detailed disclosures on fund structures, operational mechanisms, and risk profiles, setting the foundation for possible approvals in mid-October.
Industry analysts have suggested that ETF approvals could spark renewed altcoin activity and institutional participation, providing investors with safer and more regulated exposure to digital assets. Bitfinex analysts have highlighted the potential for a new altcoin rally if the SEC greenlights several of the pending spot ETFs.
Some ETFs have already begun attracting attention even before regulatory clearance. Pantera Capital pointed to Solana-focused ETFs as a potential next wave for institutional allocation, given lower current exposure relative to Bitcoin and Ethereum.
Meanwhile, the REX-Osprey Solana Staking ETF debuted on Cboe BZX with $33 million in initial trading and $12 million in daily flows. Similarly, Europe-listed Solana Staking ETFs have drawn significant inflows, including $60 million over five days, reflecting growing global interest.
The SEC’s recent approval of a new listing standard for commodity-based trust shares could accelerate future spot crypto ETF launches, analysts say. With 22 coins on Coinbase futures eligible for spot ETF conversion, the regulator’s evolving approach may pave the way for broader adoption and faster approvals.
While major players like Fidelity and BlackRock are not part of the October deadlines, their absence does not diminish the significance of the month. If approved, these ETFs could expand investor access to digital assets, further integrating cryptocurrencies into mainstream financial markets.
