Scanned on ChainCatcher (per HOGE Wire): With no budget approved for the new U.S. fiscal year, the SEC entered a funding lapse starting Oct. 1; the review of new crypto ETFs has largely come to a halt. Registration statements can’t be declared effective, and no comment letters are being sent. Industry chatter about “ETF Cryptober” is being put on hold.
What’s already listed is unaffected: BlackRock’s IBIT, Fidelity’s FBTC, Grayscale’s batch can still trade normally, including creations and redemptions. What’s stuck are the 90-plus new applications in the queue—both the 19b-4 and the S-1/N-1A tracks are frozen. In September 2025, the general listing standards were set to cut review times from the maximum of about 240 days to roughly 75 days, but during the shutdown, nobody is signing even this express lane. Nate Geraci told Decrypt this is a delay, not a rejection.
Money is still moving through the existing products; the door to new products is temporarily closed.
#加密ETF #SEC $BTC
What’s already listed is unaffected: BlackRock’s IBIT, Fidelity’s FBTC, Grayscale’s batch can still trade normally, including creations and redemptions. What’s stuck are the 90-plus new applications in the queue—both the 19b-4 and the S-1/N-1A tracks are frozen. In September 2025, the general listing standards were set to cut review times from the maximum of about 240 days to roughly 75 days, but during the shutdown, nobody is signing even this express lane. Nate Geraci told Decrypt this is a delay, not a rejection.
Money is still moving through the existing products; the door to new products is temporarily closed.
#加密ETF #SEC $BTC
