Multicoin Capital's General Counsel, Greg Xethalis, clarified that many crypto spot Exchange Traded Products (ETPs) are poised to launch once the US government reopens, despite the October 19b-4 filing deadline. The confusion stems from the US SEC's current status and the impact of the government shutdown on the review process. Xethalis noted that the 19b-4 application deadlines for Litecoin and Solana were earlier this month, but due to the Common Listing Standards, these applications do not require separate consideration. Although technically effective, exchanges will decide on listing based on this information. The SEC's Division of Corporation Finance, responsible for reviewing S-1 registration statements, is currently on leave, delaying the process. However, conservative estimates suggest that the Solana spot ETP could launch within a week of the government reopening. Issuers have 20 days to make their registration statements effective after filing, and some have already done so, but further steps are needed before launch.