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The U.S. House of Representatives will vote at 5 a.m. tomorrow to decide whether to end the government shutdown, while several meme coin ETFs are awaiting SEC approval to list.
BlockBeats News, November 12th, the U.S. House of Representatives will vote tonight to decide whether to end the 42-day U.S. government shutdown. (Wednesday afternoon Eastern Time, 4 p.m., Thursday morning Beijing Time, 5 a.m.) Once the government reopens, the market will receive clear data, to some extent dispelling the current pessimistic uncertainty.
Prior to this, the U.S. Senate approved the bill to end the government shutdown on the morning of the 11th Beijing Time and sent it to the House of Representatives.
It is worth noting that currently, XRP ETFs from 5 ETF issuers including Franklin, Bitwise, as well as Polkadot ETF, DOGE ETF, Sui ETF issued by 21Shares, and Bitwise's Chainlink ETF among several altcoin spot ETFs have been listed on the DTCC (Depository Trust & Clearing Corporation) website. Although this does not indicate that the ETF has received any regulatory approval or any clear approval process results, listing on the DTCC website is part of the "standard process" for launching a new ETF. In addition, Canary has submitted an 8-A form for its XRP spot ETF, which is the final step before its application becomes effective. Once Nasdaq approves the listing, the first XRP spot ETF may officially start trading on Thursday.
Institutional analysis from institutions such as Swiss crypto bank group Sygnum stated that investors are anticipating the end of the government shutdown, which may prompt the SEC to "batch approve" altcoin ETFs, catalyzing a "new round of institutional fund inflows."
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