Altcoin ETF Applications on Hold: SEC Shutdown Impacts Market Momentum

The US government shutdown has led to a pause in applications for altcoin spot ETFs, delaying potential launches while market sentiment remains resilient. The Securities and Exchange Commission (SEC) is halting new filings during the shutdown period, freezing regulatory approvals for these highly anticipated products. This halt impacts companies like Grayscale and Canary, who were preparing to launch Solana-based ETFs this month. The impact could extend beyond Solana, as the SEC has also paused reviews of applications for other digital assets.