Deadlines for spot crypto exchange-traded funds (ETFs) are beginning this week, the noted ETF analyst Eric Balchunas reminded the crypto community.
The financial regulator has to decide on the fate of several ETFs linked to some of the leading cryptocurrencies in October.
'Cointober' a wild month for crypto
In simple words, a spot crypto ETF is a financial product traded on traditional stock exchanges that tracks the price of the corresponding crypto asset. It gives investors exposure to crypto assets without the need for them to directly own the cryptocurrency.
Related: What is Crypto? Cryptocurrency explained
Fund issuers like Franklin Templeton, VanEck, Fidelity, Grayscale, 21Shares, Bitwise, WisdomTree, Canary, and Coinshares have applied to launch spot crypto ETFs linked to cryptocurrencies like:
The Securities and Exchange Commission (SEC) is expected to decide whether it will approve or disapprove these spot crypto ETFs to be launched in the U.S. market.
Balchunas asked ,
"Who's ready for Cointober? ... Should be a wild month.."
As per details shared by the ETF analyst James Seyffart, the SEC is to decide on as many as 16 crypto ETF applications the next month.
XRP, SOL, and Litecoin rise
After a dull week, the crypto market staged a comeback on Sep. 29 as nearly all the leading cryptocurrencies saw an appreciation in value.
XRP, the third-largest cryptocurrency, rose more than 4% in the last 24 hours and was trading at $2.91 at the time of writing.
More News:
SOL, the sixth-largest cryptocurrency, surged more than 5% to trade at $212.50 at press time.
Litecoin, the twentieth-largest cryptocurrency, saw its price increase more than 2% to hit $106.81 at press time.
The total crypto market cap stood at $3.86 trillion at the time of writing.
This story was originally reported by TheStreet on Sep 29, 2025, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.
