According to government shutdown rules, SEC personnel fall into the “non-essential” category. ETF issuers probably disagree. The SEC stopped processing ETF filings last week when the government shut down, halting the approval process of dozens of dual-share-class exemption applications. The shutdown has also put certain crypto products, including those holding Solana, XRP and others, on hold. Still, EDGAR — the SEC’s database for submitting all company forms, including ETF applications and rule changes —  ...

Group 1 - The approval of pending cryptocurrency exchange-traded funds (ETFs) tied to assets like Cardano, Litecoin, Solana, and XRP is now considered "100%" guaranteed following the SEC's launch of generic listing standards for cryptocurrency-based ETFs [2][4] - The SEC has requested issuers to withdraw 19b-4 filings related to their ETF applications, which were previously necessary for spot cryptocurrency ETF approvals [2][3] - With the new generic listing standards, only S-1 registration filings are required for spot cryptocurrency ETF applications, eliminating the previous 240-day statutory approval window associated with 19b-4 filings [4] Group 2 - Among the pending spot cryptocurrency ETF applications, Solana-linked products are suggested to be the first to receive approval, as their registration statements have undergone four amendments, indicating high SEC engagement [5] - The launch of Solana ETFs is anticipated to trigger a "Solana season," driven by inflows into the products and demand from digital asset treasury companies [6]

Core Insights - Canary Capital's proposed spot Litecoin ETF is currently in regulatory limbo due to the SEC's failure to act by the Thursday deadline [1][9] - The situation is complicated by a potential federal government shutdown, which may halt the review and approval of new financial products, including ETF filings [5][9] - The SEC is transitioning from 19b-4 filings to S-1 registration statements, adding confusion to the ETF approval process [4][9] Regulatory Changes - The SEC has urged firms to withdraw their 19b-4 filings in favor of S-1 registration statements, with Canary Capital complying on September 25 [4] - The traditional deadlines associated with 19b-4 filings may now be irrelevant under the SEC's new framework [4] Market Context - Canary's stalled application is part of a broader trend, with several altcoin-based ETF proposals, including those for Solana, XRP, Avalanche, Cardano, Chainlink, and Dogecoin, seeking to enter the U.S. crypto ETF market [6] - Bitcoin and Ethereum spot ETFs have already attracted over $74 billion in inflows, indicating strong market interest [7] Institutional Activity - Major asset managers like Fidelity, Franklin Templeton, and Bitwise have submitted updated S-1 filings for spot Solana ETFs, some featuring staking options, signaling institutional momentum [8]

Group 1 - The SEC has requested altcoin ETF applicants to withdraw their 19b-4 filings due to newly approved generic listing standards, making those filings unnecessary [1][2] - Issuers are now required to submit S-1 filings, which can be approved by the SEC at any time if they meet existing criteria, indicating a streamlined process for crypto ETFs [2] - Upcoming deadlines for spot crypto ETFs include Litecoin on October 2 and Solana on October 10, with the SEC having discretion to approve or delay these applications [2][3] Group 2 - Analyst Ted Pillows highlighted two possible scenarios for the upcoming spot ETFs for SOL, XRP, DOGE, and LTC, suggesting that the second scenario appears more probable and healthier for the market [3] - A sharp rally into approval followed by a full retrace is anticipated, with a retracement aimed at clearing excess leverage before a more sustainable rally occurs [5]

Group 1 - The crypto community is anticipating the SEC's decision on crypto ETFs for major altcoins, with the spot Litecoin ETF by Canary Capital facing a deadline on October 2 [1][3] - The SEC has recently approved generic listing standards for crypto ETFs, leading to heightened expectations for the approval of several pending applications [2][4] - Analysts predict a high likelihood of approval for the spot Litecoin ETF, with a 95% chance noted by Bloomberg analysts [5] Group 2 - The SEC has withdrawn delay notices for various pending crypto ETF applications, including those for Solana, XRP, and HBAR, indicating a faster review process [6][7] - Multiple ETF proposals from firms like Bitwise, VanEck, and Fidelity for Solana and XRP have had their delay notices removed, suggesting a potential wave of approvals [7] - The SEC's actions also include the removal of extended review notices for Ethereum staking ETF proposals, further signaling expedited approval processes [8]

RT BSCN (@BSCNews)🚨 LITECOIN ETF EXPECTED "VERY SOON" SAYS FOUNDER - With an established @litecoin futures market, we could see spot $LTC ETFs arrive in the near future... ⬇️https://t.co/yeuDLAvM5g ...

RT BSCN (@BSCNews)🚨 LITECOIN ETF EXPECTED "VERY SOON" SAYS FOUNDER - With an established @litecoin futures market, we could see spot $LTC ETFs arrive in the near future... ⬇️https://t.co/yeuDLAvM5g ...

RT BSCN (@BSCNews)🚨 LITECOIN ETF EXPECTED "VERY SOON" SAYS FOUNDER - With an established @litecoin futures market, we could see spot $LTC ETFs arrive in the near future... ⬇️https://t.co/yeuDLAvM5g ...

🚨 LITECOIN ETF EXPECTED "VERY SOON" SAYS FOUNDER - With an established @litecoin futures market, we could see spot $LTC ETFs arrive in the near future... ⬇️https://t.co/yeuDLAvM5g ...

Group 1 - Canary Capital has filed an amendment to its S-1 registration for the Canary Spot ETF, formalizing a management fee of 1.95% for its HBAR ETF, making it one of the most expensive crypto-based ETFs available [1][2] - The fee structure indicates rising costs for investors seeking diversified access to altcoin markets, with Canary's spot Litecoin ETF charging only 0.95% and management costs for Bitcoin and Ethereum ETFs typically ranging from 0.2% to 2% [2] - HBAR is the native asset of the Hedera network, which is utilized for decentralized applications and enterprise blockchain solutions, and the proposed ETF would track HBAR's market price, allowing investors to avoid the operational risks associated with holding the token [3] Group 2 - Despite the filing progress, HBAR's market performance has been weak, trading at $0.22, down 7% on the day, reflecting broader market declines in major cryptocurrencies [4] - HBAR's trading volume increased by 152% to $438 million despite the price drop, indicating sustained investor interest amid ETF filing developments [4] - Analysts have noted a 90% probability of approval for altcoin spot ETFs, suggesting a positive shift in the US regulatory stance, which may benefit HBAR and other altcoins currently under SEC review [5][6]