NEW YORK / LONDON (IT BOLTWISE) – The New York Stock Exchange has surprisingly announced the listing of four new crypto ETFs, launching despite the current US government shutdown. These ETFs offer investors the opportunity to invest in digital assets such as Solana and Litecoin without having to hold them directly. The decision is unexpected as the SEC is operating with reduced staff during the shutdown.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
The New York Stock Exchange (NYSE) recently announced the listing of four new spot crypto ETFs set to begin trading this week. This announcement surprises many market participants as the US government is currently experiencing a shutdown, which is also affecting the work of the Securities and Exchange Commission (SEC). The SEC, which is responsible for approving such financial products, is operating with a greatly reduced staff, which had dampened expectations of an early decision on the ETFs.
The new ETFs include the Bitwise Solana Fund, the Canary Capital Litecoin and HBAR Fund, and the Grayscale Solana Trust. The latter is scheduled to start on Wednesday. These products allow investors to invest in the underlying digital assets without having to own them directly. This is particularly attractive for investors who are put off by the volatility and security risks of direct crypto trading.
The launch of these ETFs comes under new generic listing standards that allow issuers to bring products to market without the usual SEC approval. This could be an indication that financial markets are looking for ways to continue expanding despite regulatory uncertainty. The ETFs also offer a staking feature that can generate additional income for investors.
The decision to launch these ETFs now could also be seen as a strategic move to strengthen its market position before other issuers launch similar products. Several companies have already filed applications for similar products to trade on the NYSE as well as competing exchanges such as Nasdaq and Cboe. However, it remains unclear when these will be approved, especially if the government shutdown continues.
*Order an Amazon credit card with no annual fee with a credit limit of 2,000 euros! a‿z
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “New crypto ETFs launch despite US government shutdown”.
The post New crypto ETFs launch despite US government shutdown appeared first on Veritas News.
