October is shaping as much as be a serious month for the worldwide crypto market, as a horde of latest exchange-traded funds (ETFs) await a last choice from the U.S. Securities and Trade Fee (SEC). The securities watchdog is about to make a last choice on 16 crypto-backed funding merchandise subsequent month.

The ETFs are linked to main altcoins, comparable to Solana (SOL), XRP, Cardano (ADA), Litecoin (LTC), and the legendary memecoin, Dogecoin (DOGE), with fund issuers and buyers retaining an in depth watch on the developments.

The SEC delayed selections on a number of crypto ETFs filed within the early a part of 2025, extending the deadlines to October. Nevertheless, their approval odds surged after the regulator printed a brand new disclosure steering for digital asset custody, staking, and fraud/misconduct danger, shortening the approval course of amid a friendlier strategy by the Trump administration.

The U.S. President has been vocal about his help for the crypto trade, saying plans to ascertain a Strategic Bitcoin Reserve and Digital Asset Stockpile, banning the event and use of central financial institution digital currencies (CBDC) nationwide, and signing into regulation the GENIUS Act – the primary complete crypto regulation in the US to supervise dollar-pegged stablecoins. Trump additionally launched his personal memecoin and holds a stake within the decentralized finance (DeFi) firm, World Liberty Monetary (WLFI), which points the USD1 stablecoin.

SEC’s New ETF Rule Speeds Crypto Fund Approvals, October Odds Hit 90%

Essentially the most important overhaul beneath the White Home’s path got here on the SEC, the place Gary Gensler, the Biden-appointed chairman of the company, and crypto’s public enemy, was changed by the extra crypto-friendly Paul Atkins. This regime change triggered swift actions to boost regulatory readability and stimulate the trade’s progress throughout the nation. A part of this course of was the institution of the brand new SEC Crypto Process Drive in January 2025, which is answerable for creating a complete framework for crypto property.

On September 17, the SEC Commissioner Mark Uyeda, head of the Crypto Process Drive, authorised a brand new itemizing normal for commodity-based belief shares, permitting exchanges just like the Nasdaq, NYSE Arca, and Cboe to record qualifying exchange-traded merchandise (ETPs) with out having to undergo the usual, time-consuming full case-by-case 19b-4 rule submitting approval course of. Bloomberg analyst James Seyffart stated on the time that the coverage change is a optimistic transfer that may pace up the registration course of for crypto ETPs. Fellow ETF professional Eric Balchunas additionally speculated there might be a wave of crypto product approvals, with not less than 22 cash with futures listings on Coinbase that might be eligible for “spot ETF-ization” within the coming weeks and months.

This coverage change shortened the approval timeframe from as much as 240 days to 60-75 days, if the product meets the regulatory necessities. Hashdex, a number one crypto ETF issuer, expanded its fund to incorporate XRP, SOL, and Stellar (XLM). Together with the generic requirements approval, the SEC additionally authorised Grayscale’s Digital Massive Cap Crypto Fund for buying and selling beneath the brand new regime, a product offering buyers with multi-crypto publicity in large-cap property – BTC, ETH, XRP, SOL, and ADA.

There are 16 crypto ETFs up for a last choice by the SEC all through October, beginning with Canary Capital and Grayscale’s Litecoin ETFs on October 2, adopted by Solana-backed funds from Grayscale, VanEck, 21Shares, Bitwise, and CoinShares, and ending with WisdomTree’s XRP and Grayscale’s Cardano fund on October 23. Beneath is an inventory of upcoming ETF approvals subsequent month, sourced from knowledge shared by Seyffart:

Will October’s Crypto ETF Approval Cycle Set off an “Altcoin Season”?

Analysts at crypto trade Bitfinex predicted in August that the altcoin season might stem from approvals of the subsequent wave of crypto ETFs. In the meantime, Nate Geraci, a distinguished ETF analyst and president of NovaDius Wealth Administration, stated in a Monday X put up that the early weeks of October will probably be “monumental” for spot crypto ETFs, as all of the filings talked about above strategy their deadlines.

Crypto dealer ‘Daan Crypto Trades’ referred to as October the “ETF month”, highlighting that not one of the funds come from BlackRock and Constancy, issuers of the world’s largest Bitcoin and Ethereum spot ETFs. He claimed that it’s “one thing to be careful for”. In June, Seyffart predicted 90% odds of the SEC approving numerous crypto ETFs earlier than their last deadlines..

The regulator greenlighting BTC and ETH spot ETFs in 2024 marked a big milestone for the crypto market, introducing them to the $62.8 trillion U.S. inventory market. The transfer additionally created investor demand for funds offering publicity to large-cap and in style altcoins and even memecoins.

Within the first three weeks of September, U.S. Bitcoin ETFs attracted roughly $2 billion in inflows, reversing the outflow development from the earlier month. Solana (SOL) backed funds additionally recorded 21 consecutive weeks of internet inflows. Nevertheless, in direction of the top of the month, each BTC and ETH merchandise noticed almost $667 million in outflows, reflecting a broad-based risk-off sentiment pushed by macroeconomic uncertainty and inflationary pressures.

The outflows occurred amid heightened volatility, triggered by Bitcoin’s value slipping beneath $109,000 on September 26, and Ethereum briefly dropping beneath $4,000. Regardless of the current outflows, long-term traits recommend sturdy institutional curiosity in main crypto property.

As of September 2025, Bitcoin ETFs maintain roughly 1.47 million BTC of their reserves, representing about 7% of the alpha crypto’s complete provide. In the meantime, the spot Ether ETFs handle round $28.8 billion in ETH, representing roughly 5-6% of its almost $500 billion market capitalization. Bitcoin ETF inflows now exceed the asset’s every day issuance quantity, with 72% of bitcoins now thought-about illiquid. These metrics provide a glimpse into the prospects of the upcoming crypto ETFs, that are backed by a few of the largest digital property by market cap.