DeutschOctober could be a decisive month for the crypto world in the USA. The US Securities and Exchange Commission (SEC) is facing a series of important decisions: A total of 16 new crypto ETF applications are to be completed within this month. Among the digital assets affected are well-known names such as Litecoin (LTC), Solana (SOL), XRP and Dogecoin (DOGE), whose market development could be further boosted by a possible approval.
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The start will be made on October 2nd by the Litecoin ETF from Canary Capital. Just a few days later, on October 10th, the decisions on the Litecoin and Solana ETFs from Grayscale are on the agenda. The ETF wave is expected to reach its preliminary peak at the end of October with the WisdomTree XRP Fund on October 24th. However, analysts warn: The SEC is not bound by the last days of the deadline and could bring forward decisions at any time.
Crypto ETF Offensive: SEC to Decide on 16 New Ones in October
With the introduction of general ETF rules, the SEC has significantly shortened the previous review process. While applications used to take up to 270 days to process, the maximum review time is now reduced to 75 days. The new rules also allow products that meet certain requirements to be listed without individual review. For the market, this means: Faster, more efficient, more transparent. In the future, investors could have much easier access to crypto ETFs without having to wait for lengthy approval processes.
ETF expert Nate Geraci from asset manager NovaDius emphasizes on X (formerly Twitter) the implications of the decisions: «The next few weeks will be crucial for spot crypto ETFs. Many applications are close to being decided. From Litecoin to Solana, Dogecoin, XRP, ADA to HBAR – the SEC can give the green light at any time.»
Despite the euphoria, the big players BlackRock and Fidelity have so far held back. Both financial giants, which are otherwise represented in practically every market segment, have so far not submitted any applications other than Bitcoin or Ether funds. Meanwhile, numerous smaller and medium-sized financial institutions are testing the opportunities of the new ETFs. In addition to Litecoin and Solana, XRP is also strongly in focus.
BlackRock and Fidelity are Holding Back so Far
The effects of an ETF approval should not be underestimated: Institutional investors gain easier access to regulated crypto products, liquidity in the markets increases, and volatility could increase in the short term. Investors must therefore not only keep an eye on the opportunities, but also plan for possible short-term market fluctuations.
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A veritable «crypto ETF autumn» is emerging for October. Should the first approvals be granted, the coming weeks could prove to be a turning point for digital assets in the USA. The SEC decisions will show how serious the supervisory authority is about opening up the traditional financial market for crypto products. For investors, this means: observe attentively, react quickly and plan strategically. (mck)
