October Sets the Course: Alts ETF to Face Ultimate SEC Ruling

Original Title: “October Determines the Universe: Alts ETF Will Welcome SEC's Ultimate Ruling”

Original author: 1912212.eth, Foresight News

In October 2025, the U.S. Securities and Exchange Commission (SEC) is set to make final decisions on at least 16 spot cryptocurrency exchange-traded funds (ETFs), with applications involving various tokens beyond Bitcoin and Ethereum, such as SOL, XRP, LTC, DOGE, ADA, and HBAR. According to recent developments, the SEC has withdrawn multiple delay notifications and accelerated the approval process through new general listing rules, shortening the review time to under 75 days.

According to crypto journalist Eleanor Terrett, the SEC has requested the issuers of LTC, XRP, SOL, ADA, and DOGE ETFs to withdraw their 19b-4 filings, as these filings are no longer necessary after the approval of the general listing standards.

Since the approval of Bitcoin and Ethereum spot ETFs, they have received a significant inflow of funds and have played a considerable role in the rise of coin prices. So, will multiple ETFs be approved this time, and will there be a price increase effect on coins?

Final deadline for adjudication of multiple token ETFs is October

According to data compiled by Twitter blogger Jseyff, spot ETF final cut-offs for multiple altcoins are scattered throughout October. The first to be approved is Canary's LTC ETF, with a deadline of October 2.

Secondly, there is the conversion of Grayscale's Solana and LTC trusts, dated October 10, followed by WisdomTree's XRP fund, dated October 24.

According to a list of upcoming approvals created by Bloomberg ETF analyst James Seyffart, decisions may be made at any time before the final deadline.

!

These applications came from institutions such as Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, and Franklin Templeton. It's worth noting that there are no BlackRock or Fidelity involved in this round, but that doesn't affect the potential impact – if approved, they could pave the way for larger products to follow.

Since BTC and ETH spot ETFs, no other coins have been approved by the SEC, and their SEC applications have been delayed again and again, but the final ruling will have to issue a yes or no decision to the market.

The market is eagerly anticipating.

The approval or disapproval of Litecoin and SOL, which were the first to be ruled on, may determine the market's expectations going forward.

Approval Probability

At the end of July this year, the SEC's new listing standards primarily focus on the qualification requirements and operational mechanisms for crypto ETPs. First, the creation and redemption of physical assets have been officially permitted, which means authorized participants can exchange ETP shares with actual crypto assets instead of cash.

The SEC also announced listing standards for spot ETFs, the implementation of which is expected to take effect in October 2025 and aims to simplify the listing process for ETFs, which “requires crypto assets to be listed on major exchange futures such as Coinbase for at least six months.” The regulation is designed to ensure that assets have sufficient liquidity and market depth to avoid manipulation.

Litecoin is known as a historically significant altcoin, and the maturity and non-security nature of LTC make it one of the first approved candidates. Litecoin founder Charlie Lee mentioned in a recent interview that he expects a spot LTC ETF to be launched soon. This view is based on the SEC's approval of the general listing standards for cryptocurrency ETFs, and LTC being included as one of the 10 assets that meet the standards.

Charlie Lee discussed the prospects of LTC under the evolving regulatory framework in an interview. He mentioned that the SEC recently approved the listing standards for a general crypto ETF, which is a key driving factor, and emphasized that Litecoin meets the criteria for fast approval.

As of now, the probability of the Litecoin spot ETF being approved this year has risen to 93% on Polymarket.

Regarding the spot ETF situation for SOL, Bloomberg ETF analyst Eric Balchunas stated, “To be honest, the approval rate for the SOL spot ETF is now close to 100%. The general listing standards have rendered the 19b-4 filing and its timeline meaningless; now, it’s just a matter of the S-1 form. The child could be born at any moment, so be prepared.”

It is worth mentioning that ADA is the last coin awaiting a ruling at the end of October, with the probability of its ETF approval rising to 93% on Polymarket.

The SEC's decision at the beginning of October will clearly become a bellwether.

Previously, the SEC approved the Hashdex Crypto Index ETF, and recently the Hashdex Nasdaq Crypto Index US ETF (NCIQ) added support for XRP, SOL, and XLM, providing US investors with investment exposure to five crypto assets: BTC, ETH, XRP, SOL, and XLM through a single investment vehicle.

Previously, the US SEC approved the conversion of the Bitwise 10 crypto index fund into an ETF, covering assets including BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, DOT.

Approval Good for Coin Price?

Bitfinex analysts previously predicted that the approval of crypto ETFs could trigger a new round of alts season or rebound, providing traditional investors with more exposure to crypto investments.

However, this view is not agreed upon by all analysts.

James Seyffart, an analyst at Bloomberg's exchange-traded fund (ETF), stated that the current market is showing an altcoin trend driven by the price increase of digital asset financial companies (DATCO) rather than traditional token prices. Seyffart pointed out that institutional investors are more inclined to choose multi-cryptocurrency portfolio products rather than single altcoin ETFs. He emphasized that institutional funds prefer to gain exposure to cryptocurrencies through regulated products rather than holding tokens directly, and this structural shift could permanently change the rising pattern of alts.

Source: Foresight News