November May Be a New October for US Crypto ETFs

Crypto ETF Approval Process Affected in the US

Expected crypto ETF approvals in October have come to a halt due to the shutdown of the US government. This situation has affected the decision-making processes of the Securities and Exchange Commission (SEC).

However, this week four crypto ETFs have made their way onto the list. This transaction was carried out swiftly without active SEC approval. This development presents a significant opportunity for investors.

Fidelity and Canary Capital submitted updated S-1 filings using a similar method. This process could allow new ETFs to enter the market, with these new products expected to be available as soon as November 13.