NYDIG: To avoid favoritism, SEC may adopt a consistent approach to all spot Bitcoin ETFs

Odaily Planet Daily News NYDIG issued a statement stating that the duration of the U.S. government shutdown is expected to range from 1 to 5 days, and may range from 16 to 35 days at most. If the government shuts down, there are two key areas that could face major consequences that directly impact key events in the cryptocurrency industry: law enforcement (primarily the Department of Justice) and financial regulators (primarily the SEC). In anticipation of the shutdown, the SEC has begun delaying decisions on most spot Bitcoin ETFs, including those with November response deadlines. Ultimately the SEC will need to make a decision on the entire spot Bitcoin industry by January 10, 2024, and NYDIG believes the SEC will likely take a consistent approach to all ETFs in the process, avoiding favoritism and approving or rejecting all ETFs at the same time. The situation is slightly different for futures-based and spot-based Ethereum ETFs. An Ethereum futures ETF seemed imminent, but the SEC quickly delayed its decision on a spot ETF.