Analysis: US Government Shutdown Delays Approval Process for Multiple Crypto ETFs
ChainCatcher news, according to Crypto In America, the US government shutdown has limited the operations of the SEC, forcing the approval process of several cryptocurrency ETF products to be suspended. Reportedly, spot ETF products including Litecoin, Solana, and XRP must wait until the government resumes operations before they can proceed.
The SEC is currently only able to handle matters involving fraud and market emergencies, while regular approval work is on hold. Bloomberg Senior ETF Analyst Eric Balchunas compared the situation to a "rain delay in a game."
Previously, the SEC had requested that several crypto ETF issuers' partner exchanges withdraw their 19b-4 application documents. It is expected that after the government shutdown ends, there may be a wave of concentrated approvals for crypto ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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