SEC
New crypto ETFs debut amid government shutdown
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Exchange-traded funds targeting smaller cryptocurrencies like Solana, Litecoin, and Hedera launched this week on major US exchanges, despite an ongoing government shutdown. The Bitwise Solana Staking ETF saw strong initial trading volume, marking the start of a broader wave of altcoin products. Issuers proceeded with listings as the Securities and Exchange Commission approved several under a more favorable regulatory environment.
Government shutdown stalls altcoin ETF approvals
A U.S. government shutdown is delaying Securities and Exchange Commission approvals for exchange-traded funds based on altcoins like Dogecoin and Solana. Cryptocurrencies have fallen amid investor anticipation for these products, following the success of Bitcoin ETFs. Experts predict potential price boosts but warn of investment risks.