See “SEC pauses crypto ETF review due to government shutdown,” don’t rush to treat it as a signal that a batch of new ETFs are collectively being delayed. That claim only holds if the U.S. government truly cut off funding starting October 1; otherwise, the idea that “over 90 applications are stuck” can’t be used to bet on the timing of the approvals.

On September 2, the U.S. signed a temporary appropriations law, extending federal agency funding through December 11. The White House Office of Management and Budget also released a funding plan starting October 1 on September 28. The SEC’s “funding lapse contingency plan” refers to what would happen if funds were cut off—not an announcement that operations have already stopped.

When watching a specific ETF, check the SEC’s official documents, its status of effectiveness, and the exchange listing announcements. The “shutdown countdown” in hot posts can’t replace the actual approval progress; using it as a catalyst to chase gains can easily lead you to buy into a nonexistent timeline.