After delays caused by the government shutdown, spot crypto ETF approvals in the U.S. could gain momentum again in November as issuers turn to an alternative regulatory procedure.
The long-awaited ETF approvals, originally expected in October, were postponed due to the temporary U.S. government shutdown. However, issuers have begun using a new filing method that bypasses active approval from the Securities and Exchange Commission (SEC). Four ETFs have already launched under this route, signaling a fresh start for the process.
Under the new procedure, issuers add the “no delaying amendment” clause to their updated S-1 filings. According to U.S. law, if the SEC does not intervene within 20 days, the filings automatically take effect. Following this method, Fidelity has filed for a spot Solana ETF, while Canary Capital has applied for a spot XRP ETF, which could launch as early as November 13 if the SEC does not act.
Bloomberg Intelligence analyst James Seyffart noted that the process could accelerate but warned that some filings still carry uncertainty. “Some ETFs could debut in November, but those without any SEC response will likely have to wait,” Seyffart said. For investors, this marks a potential turning point in the years-long battle for spot crypto ETFs in the U.S., shifting attention to whether the government resumes full operations.
