Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
The US government shutdown has significantly slowed operations across various federal agencies, including the Securities and Exchange Commission (SEC), which was expected to begin the approval process for long-awaited spot crypto ETFs. For the fourth consecutive time, spending proposals intended to reopen the government have been rejected by lawmakers from both parties, pushing the shutdown […]
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The ongoing United States (US) government shutdown has caused a delay in the approval of several crypto investment products, including the XRP ETFs. As investors eagerly anticipate institutional exposure to one of the most popular and debated crypto assets, new insights from market insiders shed light on revised timelines, procedural shifts, and what could happen […]
What to Know: $XRP has hit a recent low of $1.8 after the October 10 flash crash Institutional investment could be responsible for the recovery to $2.45 and beyond Several $XRP ETFs are scheduled for approval by the SEC this month The US shutdown has delayed these approvals, so they’ll be closer together $XRP has long been hyped as a crypto with the potential to transform the banking industry, and it might finally be taking off. The REX-Osprey XRP ETF has launched successfully, with the $XRPR fund trading over $37.7M on its first day on the market. Now, several other $XRP ETFs, which are....
Quick Facts: ➡️ $BTC’s pushback above $106K arrived alongside Senate progress on ending a 40-day US shutdown, improving near-term risk tone. ➡️ A shutdown resolution may not confirm the approval of crypto laws, but it removes a drag on sentiment and refocuses markets on flows and adoption. ➡️ Bitcoin Hyper targets Bitcoin-native speed and smart […]
In an unexpected turn of events, Ethereum (ETH) Futures Exchange Traded Funds (ETFs) are drawing closer to fruition, potentially becoming available for trading as early as October 3, which could be a significant catalyst for ETH price. Renowned Bloomberg ETF expert Erich Balchunas recently shared insights indicating that the Securities and Exchange Commission (SEC) might expedite its approval process to avoid potential disruptions caused by a looming government shutdown. SEC Considers Fast-Tracking Ether ETFs A government shutdown, which could go into effect if Congress and President Biden....
Bitcoin surged past $105,000 on Monday, extending gains to trade near $106,000 as optimism over the U.S. government’s shutdown resolution revived risk appetite across global markets. Related Reading: US Gov’t Shutdown Deal Sparks Hope For Crypto Market Relief Reports of a Senate breakthrough to fund key departments and reopen government operations triggered a wave of […]