Crypto Markets Wait as US Government Shutdown Drags On

America’s federal government has entered its third week of shutdown, leaving as many as 16 exchange-traded funds (ETF) awaiting approval should the shutdown continue into November.

Most of the US government came to a standstill on Oct. 1 when the Republicans and Democrats failed to reach a funding agreement. This has caused agencies, including the US Securities and Exchange Commission, which approves ETF applications, to run with only essential staff. 

The crypto industry was set for a flood of ETFs in October, with the SEC set to make their final…