Bloomberg: New crypto ETF launches amid US SEC shutdown

BlockBeats News, October 28, according to Bloomberg, several ETFs focusing on small-cap cryptocurrencies debuted on Wall Street this week. Despite the ongoing U.S. government shutdown, issuers have proceeded with the listings.

The first such fund, Bitwise Solana Staking ETF (BSOL), launched on Tuesday, offering full staking exposure to Solana with yields of about 7%, according to Dune Analytics data. In addition, funds focusing on cryptocurrencies such as Litecoin and Hedera have also begun trading.

The U.S. Securities and Exchange Commission (SEC) shutdown guidelines allow certain filings to take effect automatically after 20 days—a procedural coincidence that has enabled the continued launch of crypto ETFs.