Analysis: The SEC may want all cryptocurrency ETFs to register under the new common standard, making the previous approval deadline irrelevant

BlockBeats News, October 2nd, Bloomberg analyst James Seyffart stated that the Litecoin ETF issued by Canary Capital has technically reached the approval deadline; however, the SEC appears to want all such products to file under the new universal listing standard. This means that this deadline may not be significant at all.

Furthermore, the U.S. government shutdown also seems to be impacting ETF approvals. “Nonetheless – we still believe they will launch in the near future.”