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16 encryption ETFs are awaiting final decisions in October, altcoins may see a potential Rebound.
On September 29, as the SEC is about to make decisions on 16 encryption ETFs, October will be a "crucial moment for spot encryption ETFs". These ETFs involve various major alts, including Solana, XRP, LTC, and DOGE, with their final deadlines spread throughout October. First to be approved is Canary's LTC ETF, with a deadline of October 2, followed by Grayscale's Solana and LTC trust conversions on October 10, and finally WisdomTree's XRP fund on October 24. According to the upcoming approval list created by Bloomberg ETF analyst James Seyffart, decisions may be made at any time before the final deadlines. CEX analysts predicted in August that the approval of encryption ETFs could trigger a new round of altcoin season or rebound, as these approvals would provide traditional investors with more exposure to encryption investments.