Ahmet yeniceri 
The SEC is moving quickly on crypto ETF applications this October, making critical decisions for investors. The U.S. Securities and Exchange Commission (SEC) is closely reviewing these filings, with a total of 16 ETF applications under consideration. October, dubbed “Uptober” in the markets, is especially notable for Solana, XRP, and Litecoin ETF applications.
Litecoin ETF Decision in Focus
The first major crypto ETF decision of the month concerns the Litecoin (LTC) ETF. The SEC will rule on Canary Capital’s application on October 2. Following that, Grayscale will finalize its Litecoin and Solana ETF applications by October 10. These developments will help investors shape their portfolio planning.
The October ETF wave will conclude on October 24 with WisdomTree’s XRP ETF. The SEC may announce decisions before the final deadline. According to Nate Geraci, the SEC will review Litecoin first, followed by Solana, Dogecoin, XRP, ADA, and HBAR ETFs, and is expected to complete the approval process quickly.
SEC Accelerates the Crypto ETF Process
Recently, the SEC approved general ETF rules, speeding up the approval process. Applications now move from 240 days to 75 days. Investors and fund companies can now manage the process more easily and predictably.
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Big Funds Stay Quiet
Major investment firms like BlackRock and Fidelity have not filed crypto ETF applications beyond Bitcoin and Ether. This cautious approach may limit competition in the market. Crypto ETFs are entering a critical period, allowing investors to diversify their portfolios and boost liquidity. October’s decisions are set to shape the future of the crypto market.