Crypto ETFs Bypass Government Shutdown
The October government shutdown froze SEC decision-making on crypto ETF applications, but issuers found a workaround using automatic approval rules.
Four crypto ETFs from Canary Capital, Bitwise, and Grayscale launched this week without active SEC approval by using “no delaying amendment” language in their S-1 filings.
Fidelity filed for a spot Solana ETF.
Issuers found a workaround using automatic approval rules.
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Author's summary: Crypto ETFs launch despite shutdown.