Key insight: Major banks such as PNC are embedding direct bitcoin trading into client platforms starting with private banking. Expert quote: Deloitte's Roy Ben-Hur: "Digital assets are moving from the periphery of finance into the mainstream." Forward look: Expect broader rollouts of crypto trading in banks and additional regulatory guidance in the future.Source: Bullet points generated by AI with editorial review PNC Bank and Coinbase have launched direct access to spot bitcoin trading for eligible ...

Core Insights - Anticipation was high among crypto investors for the approval of exchange-traded funds (ETFs) investing in Solana, a lesser-known cryptocurrency, but a partial U.S. government shutdown has created uncertainty in the approval process [1][2][3] Group 1: ETF Applications and Approval Process - The SEC faced a deadline to decide on ETF applications for Solana filed by major firms like Fidelity, Franklin Templeton, and Invesco [2] - Approval of these ETFs would signify a significant step towards the mainstream acceptance of digital assets [2][3] - The partial government shutdown, which began on October 1, has halted the SEC's review and approval of ETF applications, leading to delays [3][4][5] Group 2: Impact of Government Shutdown - The SEC is operating under a plan that limits its functions during the shutdown, focusing only on essential operations [4] - The agency will not review applications for new financial products, including crypto ETFs, during this period [5] - Uncertainty remains regarding the timeline for ETF approvals once the government reopens, although some experts believe approvals could still occur within the year [6]