ETF News: What Happens To The ETF Approvals As US Government Shutdown Enters Third Week?

This article from Live Bitcoin News examines how the ongoing US government shutdown is delaying SEC approval of 16 cryptocurrency ETF applications, creating uncertainty in digital markets.

The three-week government shutdown has frozen progress on pending crypto ETF applications for major cryptocurrencies including Bitcoin, Solana, XRP, and Litecoin. The political deadlock stems from disagreements between Republicans and Democrats over spending laws and the nation's $37.8 trillion debt. While the SEC remains unable to operate, analysts predict that once the government reopens, approval floodgates will open, potentially triggering an "altcoin season" with strong demand for alternative cryptocurrencies.

• Government shutdown has stalled 16 crypto ETF applications with 21 more submitted in early October
• Political disagreement over debt and spending has left the shutdown without a clear end date
• Analysts expect rapid ETF approvals once government operations resume, potentially boosting altcoin markets
• The delay highlights cryptocurrency's continued dependence on traditional regulatory institutions despite its decentralized nature