These Asset Managers Launched Crypto ETFs While the Government Was Closed—Here’s How They Did It
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The government shutdown couldn’t keep crypto’s newest milestone at bay. As federal agencies sat idle, the first U.S. exchange-traded products tied to altcooin cryptocurrencies launched anyway on Oct. 27—marking a watershed moment that could unleash dozens more digital asset funds without the regulatory red tape that once slowed the industry to a crawl.
Canary Capital and Bitwise Asset Management are the trailblazers, launching ETFs tied to litecoin, hedera, and solana despite the Securities and Exchange Commission operating with skeleton staff during the federal shutdown. The move signals that a new era of streamlined…
