Crypto ETFs tracking SOL, HBAR and Litecoin expected to launch this week despite government shutdown
Several crypto ETFs for SOL, HBAR, and Litecoin are expected to launch this week despite the ongoing U.S. government shutdown.Summary
Multiple cryptocurrency exchange-traded funds (ETFs) tracking Solana (SOL), HBAR, and Litecoin are anticipated to launch this week, even with the U.S. government shutdown in effect. This is facilitated by recent SEC guidance from October 9th, which clarified procedures allowing firms to file S-1 registration statements without a delaying amendment, provided the filing is final. Firms proceeding are taking a calculated risk that the SEC may have unaddressed comments on their filings, which could lead to shareholder lawsuits over misstatements. This move follows the SEC's prior approval of new listing standards for three exchanges, which could fast-track dozens of crypto ETF applications by bypassing the standard 19b-4 process. Filings like Form 8-As for Litecoin and HBAR ETFs have already begun to appear, incorporating their S-1s for exchange listing.
(Source：The Block)