Wave of applications for crypto-based exchange-traded funds (ETFs) that track 35 different digital assets reaches 155 in the US.
These proposals aim to provide investors with exposure to digital currencies such as XRP, Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC). Remains on waiting list due to Securities and Exchange Commission (SEC) paralysis following government shutdown US.
On September 30, multiple government functions were suspended due to a lack of budget agreement between Democrats and Republicans. The SEC is not considered an essential service to national security or the protection of life; We operate with a small staff, which limits our ability to review complex regulatory proposalsincluding ETF applications. This scenario creates a bottleneck for pending decisions.
Among the proposals affected stands out Canary Capital, which aims to issue an ETF based on LTC. As reported by CriptoNoticias, the October 2 approval deadline expired without a verdict, leaving the process on hold. Other requests targeting assets such as XRP, SOL, and DOGE are facing similar delaysthere is no clear date of resolution.
Eric Balchunas, an analyst specializing in ETFs, predicts that the number of proposals could rise to more than 200 over the next 12 months as interest in these products grows. The future of these ETFs remains uncertain as long as the government shutdown continues, pending the SEC’s full resumption of operations.
(Tag translation) Altcoin
