Oh, you *thought* a government shutdown would magically speed things up? 🤦♂️ Of *course* the SEC’s crypto ETF circus gets delayed by the one thing more reliable than their indecision: federal dysfunction. 💸
New SEC listing rules? More like new ways to keep crypto investors guessing! 🐢 The timeline’s as clear as a DMV waiting room line. 📉
Shutdown Risk Stalls Crypto ETF Momentum
Asset managers scrambling to update S-1 forms? Adorable. 📝 It’s like they *think* paperwork will charm the SEC. 😂 But surprise! The government’s too busy playing “Budget Chicken” to care. 🕒
Nate Geraci says issuers are *this close* to approval… until the shutdown hits. 🧱 James Seyffart calls it “wonky”? Bold choice. I’d go with “government-grade clusterfluff.” 🚨
Congress can’t agree on a budget? Shocking. 🙄 If they fail, the SEC becomes “SEC (Sorta Eventually Closed)” – perfect for a nap, terrible for ETFs. 😴
SEC’s statement? Translation: “Our database will keep collecting forms like unread texts. 📱 But reviews? Only if you count sheep.” 🐑
New Listing Guidelines Could Affect Timeline
Plot twist: SEC tells ETF issuers, “Never mind those filings, toss ’em!” 📤 Now everyone’s rewriting apps like it’s a *Survivor* twist. 🤯
Franklin Templeton, Fidelity, and the gang? They’re all sprinting to the SEC like it’s the last slice of pizza. 🍕 Balchunas says altcoin ETF odds are “100%” – buddy, even Vegas wouldn’t bite. 🎰
Bottom line: Crypto ETFs are stuck waiting on a government that can’t adult, a regulator that loves theater, and a bunch of firms praying this isn’t a Ponzi scheme. 🙃
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2025-10-02 05:36