Watch Out: Insider Sources Claim Spot ETFs Will Be Launched for the First Time in Three Altcoins This Week

Despite the government shutdown in the US, several new cryptocurrency exchange-traded funds (ETFs) are expected to launch this ￰0￱ to information provided by sources close to the matter, the Canary Litecoin ETF, Canary HBAR ETF and Grayscale Solana Trust ETF are planned to be launched this ￰1￱ development follows new guidance released by the Securities and Exchange Commission (SEC) on October ￰2￱ this guidance, released a week after the government shutdown, the SEC announced that companies seeking to go public could submit S-1 registration statements without a delaying amendment. Normally, this change would have prevented filings from becoming effective within 20 days, allowing time for the SEC's comment and approval ￰3￱ the new regulation, companies can directly launch their ETFs after the 20-day period if they are confident in their applications.

However, this poses a risk of lawsuits from investors if any incorrect or incomplete filings are found that the SEC ￰4￱ News: List of Altcoins Whales Traded the Most in the Last Week Has Been Revealed - Here Are the Top 10 Several regulations approved by the SEC before the shutdown expedited the process for crypto ETF ￰5￱ agency approved a rule change regarding the listing and trading of commodity-based trust shares, at the request of three ￰6￱ approval has now paved the way for many crypto ETF applications to begin trading more quickly without having to go through the 19b-4 ￰7￱ to sources, Canary Capital filed two separate Form 8-A filings for Litecoin and HBAR earlier this ￰8￱ filings allow for the listing of the respective S-1s on the exchange.

Additionally, Multicoin Capital partner Kyle Samani announced the launch of the Bitwise SOL Staking ETF on the X (formerly Twitter) platform; however, the post was deleted shortly ￰9￱ are cautious about whether there will be a wave of crypto ETF launches this week. A source familiar with the process said, “The SEC may not be at the same level with other assets. Therefore, this week's action may be limited to certain ETFs.” *This is not investment ￰10￱ Reading: Watch Out: Insider Sources Claim Spot ETFs Will Be Launched for the First Time in Three Altcoins This Week