🚨NEWS IN: SMALL CAP CRYPTOCURRENCIES ETF LAUNCH AMID US GOVERNMENT SHUTDOWN 🔥🔥🔥
On October 28th, according to Bloomberg, this week witnessed the launch of several ETFs centered around small-cap cryptocurrencies on Wall Street. Even though the U.S. government was still in a shutdown status, the issuers proceeded with the listings. The first fund of this kind, the Bitwise Solana Staking ETF (BSOL), started trading on Tuesday, providing full exposure to $SOL staking with a yield of approximately 7%, as per the data from Dune Analytics.
Moreover, funds focusing on cryptocurrencies like $LTC and Hedera($HBAR ) have also begun trading. The U.S. Securities and Exchange Commission's (SEC) guidance on shutdowns allows certain filings to take effect automatically 20 days after submission. This procedural coincidence has enabled the listing of crypto ETFs to continue advancing.
NOT financial advice, DYOR.
Source: Lookonchain
