Cardano ETF Approvals Anticipated in October, Boosting ADA Rally Possibilities

Two Cardano ETFs, Grayscale's and Tuttle Capital's, are awaiting final SEC verdicts by Oct. 7 and Oct. 26, respectively. Market sentiment remains positive, with approval odds reaching 92% on betting platforms. October is expected to be significant for the altcoin market, with 16 ETF applications to be decided, including Solana, XRP, and Litecoin. Approval of these ETFs could be a catalyst for further growth in the Cardano market.

Two Cardano ETFs, Grayscale's and Tuttle Capital's, are awaiting final SEC verdicts by October 7 and October 26, respectively. Market sentiment remains positive, with approval odds reaching 92% on major betting platforms. October is expected to be significant for the altcoin market, with 16 ETF applications to be decided, including Solana, XRP, and Litecoin. Approval of these ETFs could be a catalyst for further growth in the Cardano market.

The spotlight is on the potential approval of spot Cardano ETFs, with Grayscale's proposal to convert its Cardano trust into a Spot ETF facing its final deadline on October 7, 2025, while Tuttle Capital's Cardano ETF application's decision is anticipated by October 26, 2025. The cryptocurrency market, including the Cardano community, highlights expectations for October, with the approval of these ETFs potentially driving further growth in the Cardano ecosystem Two Cardano ETFs Might Set Stage for 'Uptober' ADA Rally^[2].

The final SEC deadline for Litecoin, Solana, XRP, Dogecoin, and Cardano Spot ETFs is scheduled for October. Historically, the month of October has remained bullish for six consecutive years. The crypto market stabilizes after a turbulent week, preparing for the US Securities and Exchange Commission (SEC) approval deadlines of multiple Exchange Traded Funds (ETFs) Crypto market steadies ahead of Litecoin, Solana, XRP, Dogecoin, and Cardano spot ETFs deadlines^[4].

The approval of these ETFs could boost investors' sentiment, as seen previously. Adding to the recovery chances, CoinGlass data shows that Bitcoin has remained positive in October for the last six consecutive years. Considering the high likelihood of ETF approval amid the pro-crypto stance of the US President Donald Trump administration, the broader cryptocurrency market could spark a risk-on sentiment with the involvement of corporate investors Crypto market steadies ahead of Litecoin, Solana, XRP, Dogecoin, and Cardano spot ETFs deadlines^[4].

If the Litecoin ETF is approved on Thursday, a potential demand boost could cause the LTC rally to the 78.6% Fibonacci retracement level at $122. Litecoin holds above the 200-day Exponential Moving Average (EMA) at $103 at press time on Monday, following the 2.22% bounce back on Friday and the 2.32% on Sunday. The recovery faces headwinds at the 61.8% Fibonacci retracement level at $106, which is drawn from the $147 high of December 6 to the $63 low of April 7. The Polymarket data indicates a 90% chance of Litecoin ETF approval, with a market volume of $82,852, which means a positive market sentiment Crypto market steadies ahead of Litecoin, Solana, XRP, Dogecoin, and Cardano spot ETFs deadlines^[4].

October is set to be significant for the broader altcoin market, with decisions expected on 16 ETF applications, including Solana, XRP, Dogecoin and Litecoin. Two Cardano ETFs could be approved in October, alongside ETFs for other blockchains. This could be a catalyst for further growth. Wild "Cointober?" Nate Geraci, the president of NovaDius Wealth Management, indicated the next few weeks as "enormous" for spot crypto ETFs, with SEC final deadlines approaching on numerous filings. To begin with, this week is the Canary Spot Litecoin ETF, with its decision deadline on October 2. This will be followed by decisions on Solana, Dogecoin, XRP, Cardano and Hedera ETFs; Geraci noted that the SEC could approve any or all of these whenever Two Cardano ETFs Might Set Stage for 'Uptober' ADA Rally^[2].

The approval of these ETFs could drive significant growth in the Cardano market, as well as other altcoins. The approval of spot crypto ETFs has historically been a catalyst for market growth and increased investor interest. If the Cardano ETFs are approved, it could lead to a surge in investment and increased adoption of the Cardano blockchain.