The crypto industry is expected to see a major influx of new exchange-traded funds (ETFs) this October, as the US Securities and Exchange Commission (SEC) prepares to make its final decision on 16 crypto ETF applications.
The ETFs include a variety of major altcoins such as Solana (SOL), XRP, Litecoin (LTC) and even the popular memecoin Dogecoin (DOGE).
All of the applications have evaluation deadlines spread throughout October.
The earliest decision is expected for Canary’s Litecoin ETF on October 2, followed by Grayscale’s Solana and Litecoin trust conversion application on October 10.
Meanwhile, WisdomTree’s XRP ETF has an October 24 deadline, also listed based on a sharing by Bloomberg ETF analyst James Seyffart.
However, the SEC could announce a decision any time before that deadline.
According to analysts from crypto exchange Bitfinex, the approval of crypto ETFs could spark a new wave of the altcoin market as it gives investors an easier and lower-risk way to gain exposure to these digital assets.
Meanwhile, prominent crypto trader Daan Crypto Trades described October as “ETF month,” but stressed that two financial giants, Fidelity and BlackRock, were not included in the list of applications to be evaluated this month.
In June, James Seyffart predicted that there was a 90% or greater probability that the SEC would approve at least some crypto ETFs by the October 2025 deadline.
