The SEC is currently evaluating 92 applications for crypto ETFs, with many focused on popular altcoins like XRP and Solana. Following approvals for Bitcoin and Ethereum ETFs, industry experts anticipate that several of these applications could be granted by the end of October. Notable figures, including ETF analyst James Seyffart, suggest a high likelihood of approval for major coins. However, some skeptics, like Luca Prosperi, CEO of stablecoin platform M0, predict that many funds may not sustain themselves due to low investor demand. This influx of ETF applications highlights an increasing integration of cryptocurrencies into traditional finance, as Wall Street seeks to offer retail investors more accessible avenues for cryptocurrency investment. The overall sentiment in the market remains cautious, reflecting broader economic fluctuations affecting Bitcoin and other cryptos.

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