TechFlow, October 3 — The U.S. government shutdown has restricted SEC operations, forcing a halt in the approval process for multiple cryptocurrency ETF products. According to reports, spot ETFs for assets including Litecoin, Solana, and XRP will need to wait until government operations resume before progress can continue. Currently, the SEC can only handle matters involving fraud and market emergencies, with routine approval activities on hold. Bloomberg senior ETF analyst Eric Balchunas likened the situation to a "rain-delayed game." Previously, the SEC had required cooperating exchanges of several crypto ETF applicants to withdraw their 19b-4 filings. A wave of concentrated approvals for crypto ETFs is expected following the end of the government shutdown.
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