SEC Delays ETF Decisions Amidst Shutdown Prediction!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 30, 2023 9:41

New York Digital Investment Group (NYDIG) has predicted that the US government shutdown could last anywhere from one to 35 days, leading the SEC to delay decisions on most ETFs. The SEC will need to decide on bitcoin spot ETFs before January 10, 2024. However, the Commission may take a consistent approach to all ETFs, approving or rejecting them at the same time. In addition, the launch of the Ethereum futures ETF is imminent, with no spot Ethereum products currently under consideration.