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

After delays caused by the U.S. government shutdown, November may replace October as the pivotal month for U.S. crypto exchange-traded funds (ETFs). Originally, October was anticipated as the month for multiple SEC approvals for spot crypto ETFs, but the shutdown halted all decision-making processes. Recently, four crypto ETFs emerged using a procedural shortcut that allowed them to launch without direct SEC approval. By submitting updated S-1 registration statements with specific wording, issuers can bypass lengthy waits as certain filings become effective automatically. Following this success, Fidelity and Canary Capital are preparing to launch new ETFs, including potential funds for Solana and XRP, as early as November 13 if the SEC remains inactive. However, while many may launch next month, others are stuck pending SEC feedback. This shift marks a new era for crypto ETFs in the U.S., moving away from waiting for formal SEC approval toward proactive market entries by issuers, contingent on government reactivation.

Source 🔗