Investors are watching the crypto market closely this October as a wave of new ETFs could shake things up. The upcoming ETF deadlines have sparked a lot of curiosity in the community.
Luke Martin, a cryptocurrency analyst has highlighted some key points to consider as these spot ETFs get closer to launching.
Firstly, he points out that these could be among the largest ETF launches of 2025. He compares them to previous launches like Rex’s recent ETF launches. The REX-Osprey XRP ETF (XRPR) was the most successful ETF launch of the year, and the REX-Osprey Dogecoin ETF (DOJE) ranked in the top 5 out of more than 700 ETFs launched.
REX- Osprey also recently filed for 21 new crypto ETFs.
Martin expects the new “‘33 Act’ spot ETFs” to likely attract even more investment, similar to how Bitcoin spot ETFs drew more inflows than BTC futures ETFs.
Secondly, Martin explains that even if the ETFs are a big hit on day one, it doesn’t mean the coins will immediately skyrocket. He cited the ETH ETF as an example, noting significant hype at launch followed by short-term selling. He suggests there could be two trading opportunities: one before the launch during the hype, and another after a possible “sell the news” dip.
Thirdly, he said, “The only thing Gensler protected investors from was buying at lower prices,” adding that this should be self-explanatory.
Martin also notes that the XRP spot ETF might be delayed compared to others as the six months period of futures trading has not happened yet.
Crypto analyst Lark Davis recently highlighted that the SEC’s final decision on the SOL spot ETF is just days away. He called this a “big week for Solana” and said there’s a high chance the approval will happen this week.
Meanwhile, interest in a Litecoin ETF also remains strong, with Polymarket odds of approval this year reaching 98%.
The SEC had to decide on 16 crypto ETFs covering major coins like Solana, XRP, Litecoin, and Dogecoin in October. However the government shutdown has impacted deadlines.
The Canary Litecoin ETF missed its October 2 deadline due to the shutdown, while the Grayscale Litecoin Trust and Grayscale Solana Trust are up next, set for October 10.
Journalist Eleanor Terrett shared that spot crypto ETFs, like new LTC, SOL, or XRP ETFs, are registered under the 33 Act as commodity trusts and require explicit SEC approval before they can launch. This means they won’t start trading until the SEC declares the S‑1 effective, which could be delayed while the government shutdown is in effect.
Attorney Bill Morgan shared that while a shutdown could slow down ETF approvals, it doesn’t necessarily mean approvals later in October are impossible. The timing will depend on how long the shutdown lasts.
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