Senate Approves Federal Funding Package, Over 130 Crypto ETF Applications Set to Resume Review

The U.S. Senate passed a funding package on November 12 to reopen federal agencies, clearing the path for the Securities and Exchange Commission to resume processing more than 130 pending crypto ETF applications. Industry analysts expect spot XRP ETFs to receive approval this month, with Canary Funds positioned as a potential first mover following its November 11 Form 8-A filing with the SEC. Market observers noted institutional inflows continued despite the regulatory pause, with capital flows entering a holding pattern during the shutdown.