Ahead of ETF Decision, Eric Balchunas Leaks ‘Cointober’ Scenario!

Jakarta, Pintu News – October is known as the defining month for the cryptocurrency market, often referred to as “Cointober”. Bloomberg ETF analyst Eric Balchunas recently highlighted the importance of this month with key decisions to be made by the United States SEC (Securities and Exchange Commission) regarding several cryptocurrency ETF applications. With a history of strong price gains in October, the cryptocurrency market is gearing up for another potential surge.

October Performance in Previous Years

History has shown that October often brings a breath of fresh air to the cryptocurrency market. In 2023, Bitcoin (BTC) recorded an increase of almost 28%, with the price rising from around $26,900 to around $34,500. This increase provided a positive boost to market sentiment after a long period of slow price movements.

In 2024, although many cryptocurrencies had a difficult year, October brought back positive momentum. Bitcoin (BTC) rose again, and the market mood improved. This month has historically proven to be a time of recovery for the cryptocurrency market, often determining the market direction for the rest of the year.

Also read: Pakistan Strengthens Blockchain Ties with US at 80th UNGA Session, Here Are the Details!

Cointober: ETF Deadline Wave

October this year coincides with one of the most significant regulatory moments facing the cryptocurrency industry. According to Bloomberg ETF analyst James Seyffart, there are 16 cryptocurrency ETF filings that will reach the SEC’s decision deadline this month. These ETFs include funds that track major cryptocurrencies such as Litecoin (LTC), Solana (SOL), Ripple (XRP), and even Dogecoin (DOGE).

Major issuers such as Grayscale, VanEck, Franklin Templeton, 21Shares, CoinShares, Bitwise, WisdomTree, and Fidelity are behind this filing. Most of the assets involved are classified as commodities by the SEC and already have futures markets regulated by the CFTC, a factor that increases their chances of approval. Analysts give about a 95% chance for many of these ETFs.

Read also: Sharps Technology Partners with Crypto.com to Expand Solana Strategy, Here’s the Project!

Important Upcoming ETF Dates

Several important ETFs have key dates coming up this October. For Litecoin (LTC), the first filing was made on October 15, 2024, and a final decision from the SEC is expected on July 2, 2025. The Solana ETF (SOL) was filed on January 24, 2025, with a decision from the SEC expected on October 10, 2025.

The Ripple (XRP) ETF, filed on January 30, 2025, is scheduled for a final decision on October 17, 2025. This decision is highly anticipated as it will make it easier for investors to get into cryptocurrencies such as Litecoin (LTC), Solana (SOL), and Ripple (XRP) without having to hold or manage the cryptocurrencies themselves.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app through Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Eric Balchunas Teases Cointober Ahead of Key ETF Decisions. Accessed on September 30, 2025
• Featured Image: CNBC