U.S. Government Shutdown Could Delay Solana, Litecoin ETF Approvals
If the U.S. government shuts down, several cryptocurrency ETFs for solana (SOL) and litecoin (LTC) could face delays.
- Asset managers have been revising S-1 registration statements with the SEC, signaling potential approval.
- A federal shutdown would halt most regulatory activities, affecting ETF processing.
- Spot solana ETF applications are reportedly close to approval, pending final S-1 forms.
- The SEC requested exchanges to re-submit filings under General Listing Standards, indicating progress.
- October holds critical decision deadlines: Canary Capital’s Litecoin ETF response is due by October 2, with other applications between October 10 and 24.
- A government shutdown would furlough SEC staff, pausing non-essential reviews.
- Speculation exists that some paperwork might be finalized, allowing approvals even during a shutdown.
The ETF race intensified in 2025, following the SEC's approval of spot bitcoin ETFs in 2024. Firms now seek to expand into Solana and Litecoin funds.