US Government Shutdown Threatens Altcoin ETF Approvals

[tradelikepro]

The US government entered a shutdown on October 1, potentially delaying approvals for altcoin spot ETFs, including a possible Solana ETF. The SEC will halt review of new financial product filings during the shutdown, putting a pause on highly anticipated launches from firms like Grayscale and Canary.

[EmTeam]

The October 1 shutdown freezes SEC activity, meaning altcoin ETF reviews — including a potential Solana ETF — are on hold.
Firms like Grayscale and Canary now face delays, pushing back market catalysts investors were eyeing for Q4.

[Nahid10]

️ While the bill has just one co-sponsor, Senator Liz Krueger’s position as Finance Committee Chair gives it procedural weight.
Investors and miners alike should monitor closely — early-stage legislation with the right champion can gain traction quickly.