The reopening of the U.S. government following the signing of a loan package by President Donald Trump that ended the longest government shutdown in U.S. history has allowed federal regulators to resume evaluating crypto-based exchange traded fund (ETF) proposals.
U.S. government shutdown lasted for 43 days. This caused the suspension of examination of ETF applications. The Securities and Exchange Commission (SEC) has now resumed operations.
This could speed up cryptocurrency processes such as:
The resumption of regulatory work is believed to be a boost for the industry, considering: Valuations of many investment products linked to virtual currencies have reached a deadlock.. The list of applications for exchange-traded funds tracking various digital assets in the United States stands at 155, reflecting growing market interest.
As reported by CriptoNoticias, some managers were already exploring alternatives, such as using common listing criteria to launch projects such as the Bitwise Solana Staking ETF (BSOL) fund issued by global digital asset management company Bitwise, but a return to normalcy at the SEC could accelerate pending approvals and ease access to a wider range of investment products in the digital asset market.
