Crypto ETFs for Litecoin, XRP, SOL Await SEC Decision This October
In October, the US SEC faces deadlines for approving crypto ETFs for altcoins like Litecoin, XRP, Solana, and Cardano. The first is Canary Capital’s spot Litecoin ETF, with a deadline on Oct. 2.
Potential Dominance of Crypto ETFs in October
- The SEC has approved generic listing standards for crypto ETFs recently.
- The Hashdex Crypto Index ETF, including BTC, ETH, XRP, SOL, has received approval.
- Canary Capital's spot Litecoin ETF is set to be listed on Nasdaq.
- The SEC withdrew its decision to extend the review period for this ETF, indicating a quicker approval process.
- Bloomberg analysts suggest a 95% chance of approval for the spot Litecoin ETF.
SEC Withdraws Delay Notices for Multiple ETFs
- The SEC removed delay notices for ETF applications linked to Solana, XRP, HBAR, and others.
- Proposals from companies like Bitwise, VanEck, Fidelity, and Invesco Galaxy are affected.
- The SEC also withdrew notices for Ethereum staking ETF proposals, signaling faster progress toward potential approvals.