October is ‘ETF month’ as 16 crypto funds await final decision

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 , including Solana (), XRP (), Litecoin () and memecoin Dogecoin (), 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, to a list of upcoming approvals created by Bloomberg ETF analyst James Seyffart.

The decision could happen anytime before the final deadline.

Analysts from the 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 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.

Meanwhile, crypto trader Daan Crypto Trades styled October as “ETF month” but 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 odds of the SEC approving the various crypto ETFs coming up for a final deadline in October at 90% or higher sometime in 2025.

SEC makes approvals easier going forward

The SEC has crypto ETFs throughout 2025, setting several new deadlines; however, the regulator has also taken steps toward shortening the timelines . 

Related:

The SEC for commodity-based trust shares on Sept. 17 that could shorten the path to launching future spot crypto ETFs. 

Seyffart at the time, the policy change would be a positive move toward a “wave of spot crypto ETP launches.” 

Fellow ETF analyst Eric Balchunas also speculated there could be many more soon, to 22 coins with futures on Coinbase that were “eligible for spot ETF-ization.”

Since the change in listing standards, asset manager Hashdex has already to include XRP, Solana and Stellar (). 

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