The U.S. market is in a holding pattern as the government’s closure continues to impact cryptocurrency exchange-traded products (ETPs). Multicoin Capital’s Greg Xethalis commented on the ongoing uncertainty surrounding the Securities and Exchange Commission (SEC) decision on spot ETP applications, particularly with the SEC staff currently furloughed due to government shutdown. 19b-4 deadlines for Litecoin and Solana were October 2nd and 10th, respectively. Although technically effective, exchanges will ultimately decide whether to list these tokens after a ‘General Listing Standards’ implementation. While the process technically works, it delays product launch until the SEC resumes operations. The market expects an expedited launch of Solana’s spot ETP shortly after the government returns to full capacity.