SEC Hit By 30+ ETF Applications On Friday

SEC Hit By 30+ ETF Applications On Friday

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More than 30 ETF encryption requests were submitted to the Securities and Exchange Committee (SEC) on Friday, called Tsunami Novadiuswealleelelelleel

The impulsion follows the approval of the organizer on September 17 for the general list criteria for The New York Stock Exchange, Nasdak, and CBOE, Which created a faster course than the old 19B-4 process.

While the closure of the United States government has stopped reviews in the short term by the Supreme Education Council, analysts say this is only a temporary stumbling block on the way before it exceeded the approvals of Crypto ETF.

“Any ETF encryption you can imagine will be presented with SEC in the next few months,” said Nate Girassy, ​​head of ETF and Novadiusweile store. “You have no idea what will happen.”

The new Crypto ETF applications come amid multiple deadlines in October

The new deposits come in one month that is expected to be pivotal for the Crypto ETF scene, with 16 approximate dates for these funds in October. This money follows a variety of encryption such as Solana (Sol), XRP and Litecoin (LTC) and others.

However, the closure of the United States government due to the failure of Congress to reach an agreement on financing may be delayed as SEC is now working with the decline in employees.

Earlier this week, the Securities and Stock Exchange Authority has sent an operations plan that it says will not be able to review or approve certain files including new registration data, new financial products files, and similar organizational procedures during the closure.

Many analysts saw that the notification as evidence that the Supreme Education Council will not make a decision on the suspended Crypto ETF applications through the 19B-4 process until the closure ends. This seems to be the case, as the agency remained silent on ETF Canary Litecoin proposed when the deadline came to the decision and went earlier this week.

The closure can last for a week or more. In one case in 2018, the government closed for up to 34 days.

The contract is asked about the period when the United States will continue to be closed

The contract is asked about the period when the United States will continue to be closed (Source: Polymarket))

Traders on the decentralized betting platform, Polymarket, the largest possibility of 56 % that the closure will continue until October 15 and possibly later. Others see 33 % chance to continue until October 10 and 14 October.

Bitcoin ETF stain flows above 900 million dollars

The large size of ETF encryption files also occurred on the same day that more than $ 900 million flowed into bitcoin boxes.

According to data from Farside Investors, investors made a rail of $ 985.1 million in the instant investment funds in Bitcoin in the latest trading session.

The United States flows BTC ETFThe United States flows BTC ETF

Us Spot BTC ETFS Flows (Source: Farside investors))

IBIT of Blackrock, who recently entered the list of the 20 best money in the world, now has more than 3 % of BTC supplies, at $ 791.6 million yesterday. IBIT’s flows were more than 10 times the amount recorded by the largest flows the next day, which was published by the FBTC’s Fedelity after investors applied $ 69.6 million in the traded investment funds.

In the aftermath of the latest net daily flows, the investment funds traded at Bitcoin Sot in the United States extended the positive flow line to five days. They also withdrawn more than $ 3 billion during this period.

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