Uptober’ Gains Momentum as 16+ Crypto ETF Filings Await Approval

Jakarta, Pintu News – October was a crucial moment for the crypto market with 16 ETF (Exchange-Traded Fund) filings pending with the Securities and Exchange Commission (SEC).

The filing covers a wide range of cryptocurrencies such as Solana (SOL) and Ripple (XRP), raising hopes of a strengthening altcoin market and broader market growth. This decision is highly anticipated as it could open up new capital flows into cryptocurrencies.

ETF Race Heats Up

Grayscale, one of the key asset managers, is pushing for the conversion of several trusts into ETFs, including those for Solana (SOL) and Ripple (XRP). On the other hand, Franklin Templeton and Hashdex continue to focus on Bitcoin (BTC) and Ethereum (ETH) products.

ProShares has expanded its scope with leveraged and inverse ETFs for Solana (SOL) and Ripple (XRP), while Tuttle Capital proposes niche ETFs related to tokens such as Bonk and Binance Coin (BNB).

These asset managers are racing to gain approval from the SEC, which will allow them to offer more diverse products to investors. Success in these applications is expected to not only increase liquidity but also provide more investment options for market participants.

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

Uptober and the Altcoin Season Narrative

The crypto community often refers to October as “Uptober”, describing the seasonal strength of digital assets. ETF analyst Nate Geraci emphasizes that the next few weeks will be crucial for spot crypto ETFs with the final deadline from the SEC approaching.

This expectation for an increase is supported by historical trends that show a strengthening of crypto prices during this month. Another analyst, Gordon, provided a long-term perspective saying that the whales (big investors) are preparing for the next altcoin season. “The altcoin season will happen in the fourth quarter.

Get ready for Uptober, Moonvember, and Pumpcember,” he said. The chart Gordon shared compares the current trend with the 2016-2017 and 2020-2021 cycles, both of which triggered huge rallies in altcoins.

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

Effect of SEC Decision on Market

This SEC decision in October could be the trigger for the next big wave in the crypto market. If these ETFs get approval, fresh funds could flow into altcoins, which might push prices up and trigger a strong rally before the year ends. The total market capitalization of altcoins currently stands at around $1.53 trillion.

If the historical cycle repeats itself, 2025 is expected to see the next big surge. The approval of ETFs by the SEC will not only bring further legitimacy to the crypto market but also make it easier for institutional investors to get involved.

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*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. Over 16 Funds Await Crypto ETF Approval in Uptober. Accessed on September 30, 2025
• Featured Image: Trentech