October Crypto Life and Death Game: ETF Will Either Ignite a Bull Market or Create a Deep Pit; Should Retail Investors Gamble or Hide

The SEC is back at it again, and the long-awaited ETF decisions have all been postponed to October: Truth Social's Bitcoin & Ethereum ETF is delayed to October 8, the Solana (SOL) ETF is delayed to October 16, and the XRP Trust Fund is delayed to October 19. In other words, October could become a key turning point for the crypto market— a "Super ETF Month".

Why do I say this? Because ETFs are essentially the entry point for institutional compliance to buy cryptocurrencies, especially spot ETFs. Once approved, a large amount of traditional funds can directly enter the market through ETF channels, and they are buying the spot, which continuously injects real capital into the market, making it easier for prices to rise.

However, the SEC's delay this time means they are still observing market sentiment, policy signals, and public opinion. By October, the SEC must provide a clear answer, whether through approval or rejection, and the market could experience significant volatility.

If approved, it would essentially act as a bull market accelerator. The Bitcoin and Ethereum ETFs would directly attract institutional funds into the market, enhancing spot buying and possibly causing prices to surge rapidly in a short time. If Solana and XRP's altcoin ETFs are approved at the same time, it may trigger a sector rally, boosting the entire second-tier public chains.

If rejected, the market could see a "pinning" type of major fluctuation—initially, when the news breaks, sentiment may plummet, leading to a short-term sell-off. But be aware, this sell-off could be temporary and might even become a "shakeout point" for the subsequent bull market. If the fundamentals remain unchanged and the long-term outlook is still optimistic, then a decline provides a relatively cheap buying opportunity.

Additionally, BlackRock's Bitcoin ETF is a behemoth that has almost absorbed all funds. If new ETFs can be approved in October, it might lead to a diversion of funds and open up new avenues; if not approved, funds will continue to concentrate on Bitcoin and Ethereum, indicating that the overall market remains core. These are all things we need to pay attention to. For those who have read this, please follow us as we track the October ETF drama together. #加密市场回调