The US House of Representatives will vote at 5 a.m. tomorrow to decide whether to end the government shutdown, while several altcoin ETFs are awaiting SEC approval to be listed.
BlockBeats News, November 12, the U.S. House of Representatives will vote tonight on whether to end the ongoing 42-day U.S. government shutdown. (Wednesday 4:00 PM Eastern Time, which is Thursday 5:00 AM Beijing Time) Once the government reopens, the market will gain access to clear data, which may to some extent eliminate the current pessimistic uncertainty.
Previously, the U.S. Senate approved a bill to end the government shutdown on the morning of the 11th (Beijing Time), and has forwarded it to the House of Representatives.
It is worth noting that currently, several spot ETF products for altcoins have already been listed on the DTCC (Depository Trust & Clearing Corporation) website, including XRP ETFs from five issuers such as Franklin and Bitwise, as well as 21Shares' Polkadot ETF, DOGE ETF, Sui ETF, and Bitwise's Chainlink ETF. Although this does not indicate that the ETF has received any regulatory approval or any definitive outcome of the approval process, listing on the DTCC website is considered a "standard procedure" for launching new ETFs. In addition, Canary has submitted an 8-A form for its XRP spot ETF, which is the final step before its application becomes effective. Once approved for listing by Nasdaq, the first XRP spot ETF may officially launch at the opening on Thursday.
Institutions such as Swiss crypto banking group Sygnum have analyzed that investors are looking forward to the end of the government shutdown, which could prompt the U.S. SEC to "approve a batch" of altcoin ETFs, thereby catalyzing "a new wave of institutional capital inflows."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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