NovaDius Wealth Management president Nate Geraci said it will be an “enormous next few weeks for spot crypto ETFs” as the SEC is due to decide on 16 applications.
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 ETFs are connected to a variety of major altcoins, including Solana (SOL), XRP (XRP), Litecoin (LTC) and memecoin Dogecoin (DOGE), 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, according to a list of upcoming approvals created by Bloomberg ETF analyst James Seyffart.
