The U.S. government shutdown delayed expected crypto ETF approvals in October, but issuers are now using a workaround to launch funds without SEC sign-off. Several new ETFs could hit the market as early as November 13 if the SEC does not intervene. The situation hinges on whether the government reopens and how the SEC responds to pending applications.

Franklin Templeton, Galaxy Digital, Grayscale, VanEck, and Fidelity have submitted updated S-1 filings for spot Solana ETFs, suggesting the SEC may be closer to approving these products. The SEC's request for amendments indicates a potential timeline of two to four months for approval, with a focus on in-kind redemptions and staking strategies.