How a U.S. Government Shutdown Might Affect Solana and Litecoin ETFs

The launch of several cryptocurrency ETFs, including Solana (SOL $235.90) and Litecoin (LTC $119.69), could face delays if a U.S. government shutdown occurs this week. Asset managers have been actively revising S-1 filings with the SEC, signaling that approvals might be imminent, but a shutdown could halt regulatory activity.

Spot Solana ETF applications are reportedly closest to approval, with most SEC comments addressed and final filings expected soon. Last week, the SEC also asked listing exchanges to resubmit 19b-4 filings under the new General Listing Standards, suggesting preparations for new product approvals.

October marks a critical period for ETF decisions. Canary Capital’s Litecoin ETF faces a response deadline of October 2, while several other applications are due between October 10 and 24. A shutdown could push these timelines into uncertainty, as most SEC staff would be furloughed, leaving only essential operations active.

While there’s a possibility that some approvals could proceed if the SEC has completed paperwork in advance, the situation remains speculative. The push to expand crypto ETF offerings follows last year’s surprise approvals of multiple spot Bitcoin ETFs, but political developments may now play a decisive role in timing.