Yeliz Akmaca 
The ongoing U.S. government shutdown, now exceeding 40 days, is set to become the longest in history. This prolonged closure is delaying several pending crypto ETF approvals, even as investor demand continues to grow. According to Kalshi data, there’s a 53% chance the shutdown could extend to 42 days, further stalling approvals for XRP ETFs, staked Ethereum (stETH) ETFs, and leveraged HYPE ETFs currently under SEC review.
ETF issuers file new applications despite delays
Despite the shutdown, ETF issuers remain undeterred. Between October 18–25, six new crypto ETF applications were filed with the SEC, including:
-
VanEck’s Lido Staked Ethereum (stETH) ETF proposal.
-
21Shares’ 2x leveraged HYPE ETF filing.
-
Additional submissions for XRP ETFs and other leveraged crypto products.
This continued activity shows issuers are confident that approvals will accelerate once the SEC resumes normal operations.
Analysts expect that, once the shutdown ends, altcoin ETF approvals could gain significant momentum, fueling renewed optimism across digital asset markets.
Investor demand remains strong
Rick Wurster, CEO of Charles Schwab, described crypto interest among clients as “exceptionally strong.” Schwab clients now hold 20% of all U.S. crypto ETFs, demonstrating robust participation from both retail and institutional investors.
The company’s crypto-focused website traffic also surged 90% year-over-year, reflecting the growing appetite for regulated crypto exposure.
Experts suggest that, once the government reopens, XRP and Ethereum ETF approvals could trigger a major recovery across alternative digital assets.
Key Takeaways
-
The U.S. shutdown may last up to 42 days, the longest in history.
-
Six new crypto ETFs applications were filed despite delays.
-
Schwab clients now own 20% of U.S. crypto ETFs.
-
Altcoin ETF approvals could accelerate once the SEC resumes operations.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.