Institution: The SEC is expected to "mass approve" alts ETFs after the government shutdown ends.

On November 11, Swiss crypto bank group Sygnum stated that despite the pullback in October, the “strong demand catalyst” and institutional participation remain at historically high levels, with an increasing number of ETF applications indicating more institutional demand. Currently, at least 16 crypto ETF applications are pending approval, which have been delayed due to the 40-day government shutdown in the United States. Crypto staking ETFs may become the next fundamental catalyst to stimulate institutional demand for crypto assets. Over 80% of surveyed institutions expressed interest in crypto ETFs beyond Bitcoin and Ether, and 70% of institutions explicitly stated that if these ETFs offer staking rewards, they will begin to invest or increase their allocation. Staking refers to locking tokens in an attestation blockchain network to maintain network security, thereby earning passive income. Sygnum believes that investors are anticipating the end of the government shutdown, which may prompt the U.S. Securities and Exchange Commission to “batch approve” altcoin ETFs, thereby catalyzing “a new round of institutional capital influx.”