Cryptocurrency enthusiasts are eagerly awaiting the approval of altcoin ETFs, as over 100 applications are currently under review by the SEC. These ETFs are expected to cater to investors seeking higher volatility, offering them desired opportunities in global markets. This process, which could lead to increased volume, liquidity, and substantial capital inflows into altcoins, is now nearing its final stages.
Progress Toward Altcoin ETF Approval
Recently, the SEC approved a general listing standard for cryptocurrencies. Earlier, Eleanor Terrett had indicated that the SEC was working on a general listing framework specifically for cryptocurrencies. A significant milestone was achieved with the release of these rules, bringing the approval of altcoin ETFs closer.
Following the establishment of the SEC’s listing framework, the 240-day process was shortened to 75 days. Now, as Form 19b-4 applications have become redundant, the SEC has requested their withdrawal. The process will continue under this new listing framework, allowing ETF issuers to achieve results more swiftly.
This week, the SEC asked for the withdrawal of applications for LTC, SOL, XRP, ADA, and DOGE. It’s possible to see official ETF approvals by October or November at the latest. U.S.-based cryptocurrencies like SOL, XRP, and ADA have extra advantages in this process. For meme coins like DOGE, the SEC has already declared them as non-securities. LTC, like BTC and ETH, has long met the criteria of not being classified as a security.
Cryptocurrencies in the Last Quarter
Historically, the last quarters of four-year cycles have led to greater peaks. After the years 2017 and 2021, 2025 was expected to be the peak year. Everyone was sure that the main peak would occur this year, and with Trump’s support, it happened as anticipated. Only one thing remains: A surge in the last quarter, as seen in previous four-year peak periods.
With ETF approvals, regulations, rapidly increasing institutional demand, reserve maneuvers, and more, the groundwork has already been laid. Now, it’s time to anticipate greater peaks triggered by continued interest rate cuts in the last quarter. Everyone is waiting in hope that October reclaims its title as “Uptober.”