Sec affected by 30+ ETF applications on Friday – ‘Just the beginning’

Sec affected by 30+ ETF applications on Friday – ‘Just the beginning’

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More than 30 crypto ETF applications were submitted on Friday to the Securities and Exchange Commission (SEC), a Tsunami NovadiWealth president Nate Geraci called ” Just the beginning ”.

The hurry follows the approval of the regulator of 17 September of generic list standards for The New York Stock Exchange, Nasdaq and CBOE, Who created a faster path than the old 19B-4 process.

While the closure of the US government has stalled the SEC in the short term, analysts say that this is only a temporary bump in the way before Crypto ETF approves.

“Every crypto ETF that you can imagine will be submitted with the SEC in the coming months,” said Nate Geraci, president of ETF Store and Novadiwealth. “You all have no idea what’s coming.”

New Crypto ETF applications come in the middle of several October Deadlines

The new archives come for a month that is expected to be a crucial for the crypto ETF landscape, with 16 decision -making periods for these funds in October. These funds follow various cryptos such as Solana (SOL), XRP, Litecoin (LTC) and others.

But the closure of the US government because of the failure of the congress to reach a deal about financing has delayed the process, since the SEC now works with fewer staff.

Earlier this week, the SEC sent an operational plan that it will not be able to revise or approve certain archives, including new registration statements, new financial product applications and similar legal actions during the closure.

Many analysts saw that notification as an indication that the SEC will not give a decision about the pending crypto ETF applications via the 19B-4 process until the closure ends. This seems to be the case, because the agency was silent about the proposed Canary Litecoin ETF when the deadline came for the decision and went earlier this week.

The closure can take a week or more. In one case in 2018, the government is closed to 34 days.

Ask the contract how long the American closure will last (source: Polymarket))

Traders on the decentralized polymarket gambling platform have placed the greatest opportunities of 56% that will last the closure until October 15 and possibly even later. Others see a 33% chance that it will continue until between October 10 and October 14.

Spot Bitcoin ETF inflow $ 900 million top

The large volume of crypto ETF reports also happened on the same day that more than $ 900 million flowed in Bitcoin funds.

According to Farsheid data investors, investors deposited $ 985.1 million in Bitcoin ETFs in the last trade session.

US BTC ETF Flows

US Spot BTC ETFs flows (Source: Distant investors))

Blackrock’s IBIT, who recently introduced the top 20 list of the largest funds worldwide and now owns more than 3% of BTC’s range, has charged the costs yesterday with $ 791.6 million inflow. The inflow of IBIT were more than 10 times the amount registered by the second largest inflow for the day, placed by FBTC from Fidelity after investors had pumped $ 69.6 million into the ETF.

After the latest net daily intake, the American place Bitcoin ETFs have expanded their positive power streak to five days. They also raised more than $ 3 billion during this period.

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