Traders anticipating U.S. Securities and Change Fee approvals for a variety of exchange-traded funds monitoring numerous altcoins must wait longer, because the partial authorities shutdown lingers.
The regulator stated that it will “not assessment and approve functions” for merchandise or present different “non-emergency assist to registrants” throughout the closure, as outlined in a contingency operations plan highlighted on its web site.
The SEC is at present reviewing greater than 90 functions for ETFs based mostly on the spot worth of assorted altcoins, combos of tokens, and completely different digital asset methods, with Bloomberg fund analysts predicting that seemingly approvals, starting with Solana-focused merchandise, will likely be introduced in early October.
“Crypto ETF approval season has formally arrived!” quipped Bloomberg Senior ETF analyst Eric Balchunas in a Tuesday put up.
Issuers from the normal finance and digital asset worlds have additionally proposed funds based mostly on XRP, Cardano, Litecoin, and Dogecoin, amongst others.
Now, the October timeline appears more and more unlikely as Senate Republicans and Democrats attempt to resolve a funds deadlock.
As of late Wednesday, each side have been entrenched with funds proposals from every failing to muster sufficient votes to override a filibuster.
Within the interim, authorities businesses have needed to cut back their on a regular basis actions. The SEC famous that it will have restricted personnel “till additional discover.”
In a Twitter put up on Wednesday, Nate Geraci, co-founder of commerce group the ETF Institute, wrote that the “shutdown would undoubtedly affect the launch of latest spot crypto ETFs.”
“ETF Cryptober is perhaps on maintain for a bit,” he added.
Appears like a protracted authorities shutdown would undoubtedly affect the launch of latest spot crypto ETFs…
ETF Cryptober is perhaps on maintain for a bit.
From SEC’s “Operations Plan Below a Lapse in Appropriations & Authorities Shutdown”… pic.twitter.com/Z6gY1bJbUt
— Nate Geraci (@NateGeraci) October 1, 2025
The raft of filings over the previous 18 months comes as issuers from each conventional finance and crypto look to deal with surging demand for digital asset-focused merchandise, following the dramatic success of spot Bitcoin and Ethereum funds.
The 11 BTC funds now handle about $150 billion in belongings (AUM), in line with information analytics platform CoinGlass with BlackRock’s iShares Bitcoin Belief, the quickest rising ETF within the business’s 32-year historical past, accounting for greater than half the whole. Ethereum funds’ AUM now surpasses $22 billion.
Solana, the sixth-largest crypto with a market capitalization of greater than $118 billion, was not too long ago buying and selling above $222, up greater than 6% amid a wider upswing in crypto costs on Wednesday, as traders appeared largely untroubled by the funds deadlock or appeared to crypto as a safe-haven asset.
