The Senate vetoed funding for the 13th time, altcoin ETF is rushing to enter a position.

The U.S. Senate voted down the temporary funding bill again yesterday, marking the 13th time, with a vote result of 54 to 45. The government continues to be shut down, and the SEC is understaffed and unable to review ETF applications, resulting in a batch of altcoin ETFs being listed directly through the "automatic effectiveness" mechanism. Bitwise's Solana staking ETF, Canary's Litecoin ETF, and Hedera's ETF have already started trading on the NYSE and NASDAQ the day before yesterday.
This window period is estimated to be just two or three days left, because once the government resumes operation, the SEC will definitely re-enable the normal approval process, and by that time, this fast track will be completely gone. Bloomberg's ETF analyst Eric Balchunas also mentioned that unless the SEC intervenes at the last moment to stop it, these ETFs will definitely trade as scheduled. And from the current situation, the SEC has not issued any signals to obstruct.
The key is that the listing of this batch of ETFs has an immediate boosting effect on the underlying assets. BSOL's asset scale reached 223 million US dollars on its first day, HBAR increased by 20.5% in a single day, and LTC also broke through 100 US dollars. The deeper logic is that these successful listing cases will set a precedent for the subsequent ETF applications of coins like XRP, DOGE, and AVAX. The approval probability of the XRP ETF on Polymarket has soared to 98%, indicating that market expectations are very high. #现货ETF获批新进展