November Could Be the New October for U.S. After Shutdown Delays SEC Decisions
October was supposed to be the month when long-awaited crypto exchange-traded funds (ETFs) finally hit U.S. markets. Deadlines for the Securities and Exchange Commission (SEC) to approve or deny several spot crypto ETF applications were lined up throughout the month. But when the U.S. government shut down, the process froze — and deadlines stopped mattering.
Now November could take October’s place. Several issuers are using a procedural route that doesn’t require an active SEC sign-off. It’s the same approach that allowed four crypto ETFs — two from Canary Capital, one from Bitwise and one from Grayscale — to start trading earlier this week despite the regulatory paralysis.
Issuers are filing updated S-1 registration…
