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How a few new crypto ETFs slipped through the cracks of the government shutdown
To many people's surprise, a few exchange-traded funds investing in some lesser-known cryptocurrencies were launched in the U.S. on Tuesday, despite a government shutdown. The surprise stemmed from the fact that the U.S. Securities and Exchange Commission has been limited to essential tasks during the government shutdown, which began on Oct. 1. Reviewing or approving ETF applications is not considered one of those essential tasks, according to the SEC's plan for functioning during a government shutdown. Yet a pair of ETFs investing in Litecoin LTCC and Hedera HBR debuted Tuesday, both issued by a relatively small ... (full story)
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