- October brings critical SEC deadlines that could reshape crypto markets with possible approvals for Solana, XRP, LTC, and DOGE ETFs.
- Grayscale and top issuers like VanEck and 21Shares push aggressively to convert or launch ETFs, signaling deep institutional interest.
- Analysts expect Solana and XRP ETFs first under eased SEC rules, setting up a steady pipeline of altcoin ETF launches into 2025.
The cryptocurrency market enters a decisive month as October brings final deadlines for several altcoin exchange-traded fund (ETF) applications. According to analyst Daan Crypto Trades on X, investors should expect key decisions around products tied to Solana, XRP, Litecoin, and Dogecoin.
These approvals, if granted, could open the floodgates for altcoin-focused ETFs after years of Bitcoin and Ethereum dominance. Multiple SEC deadlines clustered around mid-October. None of these filings belong to major issuers like Fidelity or BlackRock.
Technical Structure of ETF Filings
A chart compiled by Jseyff and shared by Daan Crypto Trades shows detailed timelines for ETF applications under review. The filings cover a wide range of assets, from single-coin products to crypto baskets. For example, Hashdex submitted applications for both a Bitcoin-Ethereum basket and a broader index, with final decisions stretching into 2025.
Additionally, Grayscale is still making a strong effort to convert current trusts into exchange-traded funds (ETFs). Products from Solana, XRP, Litecoin, and Dogecoin are among them.
These conversions are a calculated modernizing step that makes it simpler for both institutional and individual investors to enter the market. Furthermore, the competition is getting more intense as other issuers like Canary Capital and 21Shares aim to introduce similar products.
Regulatory Momentum and Market Expectations
Recent SEC adjustments to ETF rules reduced barriers for issuers. ETFs tied to Bitcoin and Ethereum already launched in 2024 under stricter standards. Consequently, analysts expect this new framework to accelerate approvals for altcoin products.
Steven McClurg, founder of Canary Capital Group, emphasized the momentum. He said, “We’ve got about a dozen filings with the SEC now, and more coming. We’re all getting ready for a wave of launches.”
Additionally, market watchers note that the first wave of products could include Solana and XRP ETFs as early as October. The broader calendar suggests key decision points will extend into mid-2025, creating a steady pipeline of potential catalysts.
October could mark a turning point for altcoins as SEC deadlines converge. Approval would legitimize altcoin ETFs, unlocking fresh institutional capital.
