If the United States government closes this week, several funds (ETF) quoted in cryptocurrency exchange (ETF), including funds for and – It could be thrown into limbo just when they approach the finish line.
Multiple asset administrators have been in close communication with the stock and values ​​commission (SEC) in recent months, reviewing their registration statements S-1. These presentations amended are often interpreted as a sign that the regulator is working for approval. But a federal closure would like most of that work.
A person familiar with the process said that he believes that some approvals could still land as soon as next week, assuming the government remains open. In particular, it is believed that Spot Solana ETF applications are close, with several rounds of SEC comments already addressed. The emitters are still expected to present their final S-1 forms.
In addition to the impulse, the SEC last week requested the exchanges of listings to withdraw their 19B-4 presentations and be overcome under the general listing standards, a change of expected procedure after these standards were approved earlier this year. That movement hinted even more than the agency was preparing for new Greenlight products.
October is full of decision -making. The ETF of Litecoin of Canary Capital owes an answer before October 2. Several other requests face the final terms between October 10 and 24, dates that now run the risk of falling into a tenure pattern if Congress cannot approve a financing bill before midnight on Tuesday.
A closure would exceed a large part of the federal government, including sec personnel. While a skeleton team would remain to manage the “essential” business, it is not clear if the cryptographic ETFs fall into that category. In the previous closure, regulatory reviews on financial products were often stopped unless they were considered critical for market stability.
There is also the possibility that the SEC has already finished much of the paperwork behind closed doors. That could allow approvals to continue before the deadlines, or even during a closure, but that scenario remains speculative.
Meanwhile, the issuing and exchanges remain to wait, observing the calendar and capitol of Capitol with growing anxiety.
ETF’s career, particularly for spot cryptography products, has been heated in 2025 after the surprise approval of the SEC of multiple ETF of Bitcoins Spot in 2024. Many of the same companies behind those products are now promoting funds linked to alternative assets such as Solana and Litecoin, with the aim of expanding the list of investment options regulated to the crypt.
But for now, politics can have the last word.
Correction (September 30, 2025, 15:12 UTC): The government must close after Tuesday.
