Crypto ETFs: November Could Be the New October for U.S. After Shutdown Delays SEC Decisions

November may replace October as the pivotal month for U.S. crypto ETFs following delays caused by the government shutdown that halted SEC decision-making. Initially, October was expected to see numerous ETF approvals, but the government shutdown interrupted this process. However, four crypto ETFs recently launched using a procedural workaround that bypasses the need for active SEC approval. This method involves filing updated S-1 registration statements that automatically become effective after 20 days unless the SEC intervenes. Consequently, Fidelity and Canary Capital have filed for additional ETFs that could debut as early as November 13, if the SEC does not block them. While this development could lead to a flurry of new ETF launches, there remains uncertainty around applications like XRP, which have not garnered extensive SEC feedback necessary for approval. Industry analysts believe that many funds will likely launch in November, independent of the government reopening, but they caution that some may still wait for SEC involvement.

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