October Revelation: Meme Coin ETF to Face SEC Ultimate Ruling
Original Article Title: "October Game Changer: Shitcoin ETFs to Face SEC Ultimate Ruling"
Original Article Author: 1912212.eth, Foresight News
In October 2025, the U.S. Securities and Exchange Commission (SEC) is set to deliver final rulings on at least 16 spot cryptocurrency exchange-traded funds (ETFs) involving a variety of tokens beyond Bitcoin and Ethereum, such as SOL, XRP, LTC, DOGE, ADA, and HBAR. According to the latest developments, the SEC has rescinded multiple delay notices and expedited the approval process through new universal listing rules, reducing the review period to within 75 days.
According to crypto reporter 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 needed after the approval of the universal listing standards.
Since the approval of Bitcoin and Ethereum spot ETFs, there has been a significant influx of funds and a notable price impact. So, can these multiple ETFs be approved this time, and will there be a price surge effect?
The final ruling deadline for multiple token ETFs is in October
According to data compiled by Twitter blogger Jseyff, the final deadline for several Shitcoin spot ETFs is spread throughout October. The first to be considered is Canary's LTC ETF, with a deadline of October 2nd.
Next is Grayscale's Solana and LTC Trust conversion, with a date of October 10th, and finally, WisdomTree's XRP fund, set for October 24th.
According to the pending approval list created by Bloomberg ETF analyst James Seyffart, decisions may come at any time before the final deadline.
These applications come from institutions such as Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, and Franklin Templeton. It is worth noting that this round does not involve BlackRock or Fidelity, but this does not diminish the potential impact—if approved, they could pave the way for larger-scale products in the future.
Following BTC and ETH Spot ETFs, currently no other currency has received SEC approval. The application for approval by the SEC has been dragging on, following its past style of delays. However, the upcoming ultimate decision must give the market a Yes or No outcome.
The market is eagerly anticipating this.
The approval or rejection of Litecoin and SOL, which will be the first to be decided, will set the market's expectations.
Approval Probability
At the end of July this year, the SEC's new listing standards mainly focused on the eligibility requirements and operational mechanisms of crypto ETPs. First, in-kind creation and redemption were officially permitted, meaning authorized participants can exchange ETP shares with actual crypto assets rather than cash.
The SEC also published the listing standards for spot ETFs, with the new standards expected to take effect in October 2025, aiming to streamline the ETF listing process. The "general listing standard" requires that the crypto asset must have been listed on major exchanges like Coinbase futures for at least 6 months. This rule aims to ensure that the asset has sufficient liquidity and market depth to prevent manipulation.
Litecoin, known as one of the oldest altcoins, gained its fame from its maturity and non-securities nature, making it a candidate for the first batch of approvals. Litecoin's founder Charlie Lee stated 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 crypto ETF general listing standards and LTC being one of the 10 assets meeting the criteria.
In the interview, Charlie Lee discussed LTC's prospects under the evolving regulatory framework. He mentioned that the SEC recently approved the general crypto ETF listing standards, which is a key driving factor, emphasizing that Litecoin meets the conditions for rapid approval.
As of now, the market on Polymarket betting on the approval of a spot Litecoin ETF this year has risen to 93%.
Regarding the SOL spot ETF situation, Bloomberg ETF analyst Eric Balchunas stated, "To be honest, the success rate of a SOL spot ETF approval is now close to 100%. The general listing standards have made the 19b-4 document and its timelines meaningless; now, only matters related to the S-1 form remain. The baby could be born at any moment, so be prepared."
It is worth mentioning that ADA is the last coin awaiting a decision at the end of October, with the probability of its ETF being approved on Polymarket rising to 93%.
The SEC's decision at the beginning of October is clearly set to be a watershed moment.
Prior to this, 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, allowing the product to provide U.S. investors with exposure to five crypto assets—BTC, ETH, XRP, SOL, and XLM—through a single investment tool.
Previously, the SEC approved the Bitwise 10 Crypto Index Fund's conversion to an ETF, covering assets including BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, and DOT.
Price Boost upon Approval?
A Bitfinex analyst previously predicted that the approval of a crypto ETF could trigger a new altcoin season or rebound, providing traditional investors with more exposure to crypto. These approvals could foster increased mainstream adoption.
However, not all analysts agree with this view.
James Seyffart, an ETF analyst at Bloomberg, stated that the current market's altcoin rally is driven by the rise in prices of coins via Digital Asset Trust Companies (DATCOs) rather than traditional token prices. Seyffart highlighted that institutional investors are more inclined towards choosing multi-crypto portfolio products over single substitute coin ETFs. He emphasized that institutional funds prefer gaining exposure to crypto through regulated products rather than holding tokens directly, and this structural shift may permanently alter the altcoin rally pattern.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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