What are the impacts of government shutdowns on crypto ETF approvals?
The current government shutdown in the U.S. is having a serious impact on the crypto market, particularly with major crypto exchange-traded funds (ETFs) like Solana (SOL) and XRP waiting for approvals. The Securities and Exchange Commission (SEC) is working with a reduced capacity, which means that the review of these ETFs has come to a standstill. This lack of regulatory decision-making has left investors in a state of anxiety.
Although functions of the SEC are on pause, institutional interest in these assets has not died down, suggesting they are still looking to enter, despite the uncertainty surrounding the approval processes.
Historically speaking, government shutdowns have produced varying results for the crypto market. For…
