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

After expected approvals in October were stalled due to a U.S. government shutdown, new procedural methods are allowing ETF issuers to bring spot crypto funds to market. Originally, multiple ETF applications awaited decisions from the SEC, but the shutdown halted all progress. However, four crypto ETFs managed to launch via a shortcut that permitted them to go live without explicit SEC approval. This method involves submitting updated S-1 registration forms containing ‘no delaying amendment’ language, which allows automatic effectiveness after 20 days unless the SEC intervenes. Following this success, Fidelity and Canary Capital have filed S-1s that could lead to further fund launches in November, possibly as soon as the 13th. Analysts believe several funds may debut without the government reopening first, although limited SEC feedback could hinder some applications. This marks a significant advancement in the long-term push for crypto ETFs in the U.S.

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