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Crypto ETF filings delayed indefinitely

The US government shutdown is grinding the SEC to a halt.

By Mike Hesp
• 2 min read
Crypto ETF filings delayed indefinitely

The US government shutdown is grinding the SEC to a halt. More than 90 ETF applications, including for Solana, XRP, and Litecoin, are on hold.

In fact, the SEC was supposed to decide today on several crypto ETF applications. Because of the current government shutdown, the market watchdog is only partially operational. The decisions are therefore postponed indefinitely. More than 90 crypto ETF applications are affected, including those for Solana, XRP, Litecoin, and Cardano.

The US government has been in a shutdown since October 1, 2025, causing many federal agencies, including the Securities and Exchange Commission (SEC), to pause their normal duties temporarily. How long the shutdown and thus the blockage will last is unclear. It depends on a political agreement in Washington; previous shutdowns lasted from a few weeks to more than a month.

Investors would be well advised to temper their expectations about the impact of crypto ETFs. According to a new JPMorgan analysis, Solana ETFs, if approved, would generate only about $1.5 billion in net inflows in the first year. Earlier estimates were as high as $5.2 billion. That shows altcoin ETF euphoria is fading.

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