There are currently no active bitcoin ETF proposals in front of the SEC with VanEck, SolidX and Cboe BZX Exchange withdrawing their application earlier this week; the firms cited the government shutdown as the reason for withdrawal and they plan to refile the application in the future; with no active applications pending one begins to wonder if there will ever be approval for a bitcoin ETF; the bitcoin markets can help the cause, if the markets stabilize and the issues of valuation, liquidity, custody, and market manipulation are addressed the SEC could change their tune; right now the government shutdown only further dims the hopes of an approval being done any time soon. Source.
