SEC Delays Crypto ETFs Amid US Shutdown: Market Uncertainty and Institutional Demand Surge

The U.S. government shutdown has thrown the crypto ETF market into uncertainty, prompting delays in approvals for major crypto products like Solana (SOL) and XRP. Key players including Fidelity, Invesco, and Franklin Templeton are grappling with the extended SEC review process, which is impacting operations and delaying market activity. Despite this disruption, institutional demand for XRP continues to rise, reaching $61.6 million in a single week, showcasing market dynamics under these circumstances.