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The U.S. House of Representatives will vote tomorrow at 5 a.m. to decide whether to end the government shutdown, while several meme coin ETFs are awaiting SEC approval to list.

2025-11-12 09:53

BlockBeats News, November 12th, the U.S. House of Representatives will vote tonight on whether to end the 42-day U.S. government shutdown. (Wednesday afternoon Eastern Time, 4:00 PM, which is Thursday morning Beijing Time, 5:00 AM) Once the government reopens, the market will receive clear data, potentially alleviating the current pessimistic uncertainty to some extent.


Prior to this, the U.S. Senate approved a bill to end the government shutdown on the morning of the 11th Beijing Time and transferred it to the House of Representatives.


It is worth noting that currently, XRP ETFs from 5 issuers including Franklin, Bitwise, as well as Polkadot ETF, DOGE ETF, Sui ETF issued by 21Shares, Bitwise's Chainlink ETF, and several other altcoin spot ETFs have been listed on the DTCC (Depository Trust & Clearing Corporation) website. Although this listing does not indicate that the ETFs have received any regulatory approval or any explicit approval process results, being listed on the DTCC website is part of the "standard process" for launching a new ETF. In addition, Canary has submitted an 8-A form for its XRP spot ETF, which is the final step before its application is effective. Once Nasdaq approves the listing, the first XRP spot ETF may officially debut on Thursday.


Institutions such as the Swiss crypto bank group Sygnum have analyzed that investors are eagerly anticipating the end of the government shutdown, which may prompt the SEC to "mass approve" altcoin ETFs, catalyzing a "new round of institutional fund inflows."

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