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Original title: "October Decides: Altcoin ETFs Will Welcome the SEC's Final Ruling" Original author: 1912212.eth, Foresight News   In October 2025, the U.S. Securities and Exchange Commission (SEC) is set to issue a final ruling on at least 16 spot cryptocurrency exchange-traded funds (ETFs) involving multiple tokens beyond Bitcoin and Ethereum, such as SOL, XRP, LTC, DOGE, ADA, and HBAR. In light of the latest developments, the SEC has withdrawn several delay notices and accelerated the approval process with new Universal Listing Rules, reducing the review time to less than 75 days. According to crypto journalist Eleanor Terrett, the U.S. SEC has asked issuers of LTC, XRP, SOL, ADA, and DOGE ETFs to withdraw their 19b-4 filings because they are no longer needed after the approval of the Common Listing Standards. Since the approval of Bitcoin and Ethereum spot ETFs, they have received a lot of capital inflows and played a significant role in the rise in currency prices. So can multiple ETFs be approved this time, and will there be an upward effect on currency prices? According to data compiled by Twitter blogger Jseyff, the final deadlines for spot ETFs for multiple altcoins were scattered throughout October. The first to be approved is Canary's LTC ETF, which has a deadline of October 2. This is followed by Grayscale's Solana and LTC trust conversions dated October 10, and finally WisdomTree's XRP fund dated October 24. According to the list of upcoming approvals created by Bloomberg ETF analyst James Seyffart, the decision could be made at any time before the final deadline. These applications come from institutions such as Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, and Franklin Templeton. It's worth noting that there is no BlackRock or Fidelity involved in this round, but this doesn't affect the potential impact – if approved, they could pave the way for larger products in the future. Since BTC and ETH spot ETFs, no other currency has been approved by the SEC, and the SEC has continued to delay its application to the SEC, but the upcoming final ruling must issue a yes or NO decision to the market. The market is looking forward to it. Litecoin, which was the first to be adjudicated, and SOL's approval or rejection may determine what the market expects next. Probability of approval At the end of July this year, the SEC's new listing criteria mainly focused on the eligibility requirements and operating mechanisms of crypto ETPs. First, physical creation and redemption are officially allowed, meaning authorized participants can exchange ETP shares for actual crypto assets instead of cash. The SEC also unveiled listing standards for spot ETFs, with the implementation of the new standards expected to take effect in October 2025 and aimed at simplifying the listing process for ETFs, a universal listing standard that "requires crypto assets to be listed on futures on major exchanges like Coinbase for at least six months." This regulation aims to ensure that assets have sufficient liquidity and market depth to avoid manipulation. Litecoin is known for its long-standing altcoin, and LTC's maturity and non-security nature make it one of the first candidates for approval. Litecoin founder Charlie Lee said in a recent interview that he expects a spot LTC ETF to launch soon. This view is based on the US SEC's approval of the Common Listing Criteria for cryptocurrency ETFs and the inclusion of LTC as one of the 10 assets that meet the criteria. In the interview, Charlie Lee spoke about LTC's prospects under the evolving regulatory framework. He mentioned that the SEC's recent approval of the general-purpose crypto ETF listing criteria was a key factor in the push, emphasizing that Litecoin is eligible for rapid approval. As of now, the probability of betting on the approval of a Litecoin spot ETF on Polymarket has risen to 93%. Regarding SOL's spot ETF situation, Bloomberg ETF analyst Eric Balchunas said, "To be honest, the success rate of SOL spot ETF approval is now close to 100%. The common listing criteria make 19b-4 documents and their timelines meaningless, leaving only the S-1 form to matter. A child can be born at any time, so be prepared." It is worth mentioning that ADA is the last coin awaiting a verdict at the end of October, and the probability of betting on its ETF approval on Polymarket has risen to 93%. The SEC's decision in early October will clearly be a bellwether. Previously, the SEC approved the Hashdex Crypto Index ETF, and recently the Hashdex Nasdaq Crypto Index U.S. 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 vehicle. Previously, the US SEC approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF, covering assets including BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, and DOT. Approved for a favorable currency price? Bitfinex analysts previously predicted that crypto ETF approvals could trigger a new altcoin season or rally that would provide traditional investors with more exposure to crypto investments. However, some analysts do not agree with this view. James Seyffart, an analyst at Bloomberg exchange-traded funds (ETFs), said that the current market is showing an altcoin market formed by the rise in the price of digital asset treasury companies (DATCOs) rather than traditional tokens. Seyffart noted that institutional investors are more inclined to choose multi-crypto portfolio products rather than single-altcoin ETFs. He emphasized that institutional funds prefer exposure to cryptocurrencies through regulated products rather than holding tokens directly, a structural shift that could permanently alter the altcoin's upward pattern.