ETFs may face approval delays, volatility if US govt shuts down

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Approvals on new exchange-traded funds, including bitcoin spot ETFs, could face delays if the U.S. government shuts down next month for the fourth time in a decade. Hundreds of thousands of federal workers, including nearly 90 per cent of the Securities and Exchange Commission's (SEC) 4,600 employees, wil

Approvals on new exchange-traded funds, including bitcoin spot ETFs, could face delays if the U.S. government shuts down next month for the fourth time in a decade.

The SEC Chair Gary Gensler recently warned in a media interview that the agency will operate with a"skeletal" staff during a shutdown.

 

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