The U.S. Securities and Exchange Commission (SEC) is currently holding over 150 cryptocurrency exchange-traded fund (ETF) applications, with decisions delayed due to the ongoing U.S. government shutdown. These applications include proposals for ETFs based on assets such as XRP, Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC). Notably, the deadline for some applications, including one from Canary Capital for an LTC-based ETF, has already passed without a ruling.
Bloomberg ETF analyst Eric Balchunas highlighted that the number of pending applications could surpass 200 within the next year. The SEC's delayed actions are causing uncertainty in the market as applicants await regulatory clarity.
SEC Delays Decisions on Over 150 Crypto ETF Applications Amid Shutdown
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