ETF Applications Continue to Surge Even Amidst US Government Shutdown

The ongoing US government shutdown is impacting the cryptocurrency market, leading to delays for alternative investment funds like XRP, Solana (SOL), and Litecoin (LTC). The SEC has been forced to operate with limited staff during this time, leading to a halt in their review of pending applications. According to the SEC’s Trading and Markets Regulations, application processing will be delayed during a government shutdown. However, the ETF market remains active. At least five new ETF applications have been submitted to the SEC despite the current situation.