Bloomberg: New Cryptocurrency ETF Debuts in U.S. Amid SEC Halt

BlockBeats News, October 28th, according to Bloomberg, this week saw the debut of several ETFs focusing on small-cap cryptocurrencies on Wall Street, despite the U.S. government still being in a shutdown status, the issuers proceeded with the listings.

The first fund of this kind, Bitwise Solana Staking ETF (BSOL), launched on Tuesday, offering full exposure to Solana staking with a yield of around 7%, as per Dune Analytics data. Additionally, funds focusing on cryptocurrencies such as Litecoin and Hedera have also started trading.

The U.S. Securities and Exchange Commission's (SEC) shutdown guidance allows certain filings to automatically go into effect 20 days after submission – this procedural coincidence has allowed the listing of crypto ETFs to continue moving forward.