The US SEC has issued guidance on the handling of documents after shutdown, which may accelerate the effectiveness of multiple encryption ETFs.

PANews, November 14 - According to Bloomberg analyst Eric Balchunas citing the latest guidance from the SEC, the U.S. Securities and Exchange Commission has received over 900 registration documents during the government shutdown and is now accelerating the clearing of the backlog. The guidance document shows that if the issuer submits a registration statement during the shutdown that does not include a latency clause (8(a) pathway), it will automatically take effect after 20 days, and the issuer can supplement the latency clause and apply for acceleration to take effect earlier. Analysts believe this may prompt some crypto ETF issuers that have not yet completed the 8(a) process to accelerate their listing, among which Bitwise's XRP ETF is considered to be one of the next batch of movers.