NOVEMBER THE NEW OCTOBER FOR CRYPTO ETFS

Summary from the TLDR Crypto newsletter

Four crypto ETFs launched this week using a procedural shortcut requiring "no delaying amendment" language in S-1 filings that automatically become effective after 20 days unless the SEC issues a stay, which circumvents problems caused by the government shutdown. Fidelity and Canary Capital filed updated S-1s on Thursday for spot Solana and XRP ETFs, respectively, which could launch as early as November 13 if the SEC doesn't intervene. Some filings like XRP haven't received SEC feedback, unlike reviewed Solana, HBAR, and Litecoin applications, potentially prompting the agency to halt automatic approval.