Group 1 - The SEC is set to make decisions on multiple spot crypto ETF applications in October, with a total of 16 applications expected to be reviewed [3][4]. - Spot crypto ETFs are financial products that allow investors to gain exposure to cryptocurrencies without directly owning them, trading on traditional stock exchanges [2]. - Major fund issuers such as Franklin Templeton, VanEck, Fidelity, and Grayscale have applied to launch these ETFs linked to leading cryptocurrencies [3]. Group 2 - The crypto market experienced a resurgence on September 29, with significant price increases in major cryptocurrencies following a period of stagnation [5]. - XRP, the third-largest cryptocurrency, saw a price increase of over 4%, trading at $2.91 [6]. - Specific deadlines for various cryptocurrencies related to ETF applications are as follows: Litecoin on October 2, Solana on October 10, and XRP on October 17 [7].

ETF Product Launch - Grayscale officially launches GDLC, the first index-based spot crypto ETF [1] - GDLC is described as a "huge category" by Grayscale [1]

NEW: 🚨 The SEC has approved Grayscale’s conversion of its Digital Large Cap Fund ($GDLC) into a spot crypto ETF.The ETF will offer exposure to BTC, ETH, SOL, XRP, and ADA, tracking the CoinDesk 5 Index. https://t.co/qdocsgKvmk ...