REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSept 26 (Reuters) - Approvals on new exchange-traded funds, including bitcoin spot ETFs, could face delays if the U.S. government shuts down next month for the fourth time in a decade.
"I'm not sure if ETFs that have been filed for approval can move forward with the government shutdown," said Todd Rosenbluth, head of research at VettaFi.
"This would just delay yet another decision on the never ending spot Bitcoin decision," said Todd Sohn, ETF and technical strategist at Strategas Securities.
"ETFs are just pass through vehicles ... impact on the underlying markets will obviously impact ETFs," said Hector McNeil, co-CEO and founder of HANetf.
"People will also probably pause if they're about to launch (new ETFs) and wait for steady waters."
Persons:
Dado Ruvic, Exchange Commission's, Gary Gensler, I'm, Todd Rosenbluth, Todd Sohn, Hector McNeil, Bansari Mayur, Ira Iosebashvili, Anil D'Silva
Organizations:
REUTERS, Securities, Exchange, SEC, Strategas Securities, Thomson
Locations:
U.S, Bengaluru