US Government Shutdown Delays SEC Approvals for Spot ETFs

The ongoing US government shutdown has caused disruptions at the Securities and Exchange Commission (SEC), impacting the approval process for anticipated spot exchange-traded funds (ETFs). This includes applications for Litecoin (LTC), Solana (SOL), and XRP. The report from PANews notes that while the SEC can still handle market emergencies during the shutdown, routine filings and approvals like those for ETFs are likely to face delays or even halt entirely. Analyst Eric Balchunas of Bloomberg likened the situation to a ‘rain delay,’ highlighting a slowdown in the approval process.