The U.S. Securities and Exchange Commission (SEC) has not reached a decision on Canary Capital's LTC spot ETF application by the original deadline, raising concerns about regulatory operations during the government shutdown. Canary had previously withdrawn its 19b-4 filing at the SEC's request, leaving only the S-1 registration statement under review. This delay, coupled with the SEC's introduction of new universal listing standards, has created uncertainty in the approval process for several crypto ETFs. Despite this, Bloomberg analyst Eric Balchunas suggests that the probability of some spot crypto ETFs being approved under the new standards has increased to "100%."