SOL and LTC ETFs Face Delays in Government Shutdown

The impending U.S. government shutdown could delay decisions by the Securities and Exchange Commission (SEC) on several cryptocurrency exchange-traded funds (ETFs), including those for Solana and Litecoin. Asset managers have been actively working with the SEC on their filings, anticipating approvals as early as next week. However, deadlines in October, including a crucial response for Canary Capital’s Litecoin ETF due October 2, may fall into uncertainty if Congress fails to pass a funding bill. The SEC typically pauses regulatory reviews during shutdowns unless deemed critical, raising concerns about the timing for these crypto ETFs. Despite the potential shutdown, the SEC has indicated willingness to move forward with approvals, suggesting that some paperwork for the ETFs may already be ready. The race for approval has intensified following the SEC's earlier approvals of spot Bitcoin ETFs, with the industry now seeking formal recognition for related altcoins like Solana and Litecoin. As the deadline approaches, industry participants remain anxious about the potential impact of political dynamics on their investment products.

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