Overview

• - The SEC says it is only handling emergency matters during the government shutdown, pausing reviews of more than 90 pending spot altcoin ETF applications that many expected to see decisions in early to mid-October.
• - Following adoption of generic listing standards, the SEC asked issuers to withdraw 19b-4 exchange-rule filings for products tied to Solana, XRP, Cardano, Litecoin and Dogecoin, shifting the pathway to S-1 effectiveness that outlets report could shorten timelines once operations resume.
• - Solana proposals show the most momentum, with major firms updating S-1 filings and a REX-Osprey Solana Staking ETF reporting $12 million in first-day inflows on Cboe BZX, signaling continued institutional interest despite the pause.
• - Canary Capital’s spot Litecoin ETF hit a standstill after its 19b-4 withdrawal and switch to an S-1, with an expected decision date passing without SEC action during the limited-operations period.
• - Crypto prices have rallied despite the regulatory halt, with reports of Bitcoin above $120,000 and gains for SOL, XRP and ADA, but launch timing for altcoin ETFs remains uncertain until full SEC staffing returns.