The restart of public administration in the United States, following the signing of a financing package by President Donald Trump that ends the longest shutdown in the country’s history, allows federal regulators to resume the evaluation of cryptocurrency-based exchange-traded fund (ETF) proposals.
The cessation of activities of the US government, which lasted for 43 days, had caused a halt in the review of ETF applications by the Securities and Exchange Commission (SEC) whose operations are now resuming.
This could speed up the process for cryptocurrencies such as
The reactivation of regulatory work is considered a boost for the industry, given that The evaluation of numerous investment products linked to cryptocurrencies was stalled. The list of applications for exchange-traded funds tracking different digital assets in the United States stands at 155, reflecting growing market interest.
Although some managers had already looked for alternative paths, such as the use of generic listing standards to launch projects such as the Bitwise Solana Staking ETF fund (BSOL)—issued by Bitwise, a global digital asset manager, as reported by CriptoNoticias—the return to normality at the SEC could accelerate pending approvals and facilitate access to a broader range of investment products in the digital asset market.