ETFtober Surge: Over 5 New Cryptocurrency ETF Applications Filed Amid Government Shutdown

The cryptocurrency market is witnessing a significant expansion in exchange-traded fund (ETF) activity this October, with more than five new filings submitted to the U.S. Securities and Exchange Commission (SEC) this week. Among the notable proposals are VanEck’s innovative Lido staked Ethereum ETF and 21Shares’ leveraged Hyperliquid fund, both designed to offer investors diversified exposure to digital asset strategies. These filings arrived during a period of federal government operations suspension, adding complexity to the regulatory review timeline. Market analysts highlight that this wave of ETF applications reflects growing institutional confidence in cryptocurrency-based financial products, despite current macroeconomic uncertainties. The submissions demonstrate continued industry efforts to bridge traditional finance with digital asset ecosystems through regulated investment vehicles. While approval timelines remain uncertain due to the government shutdown, the sheer volume of recent filings signals robust momentum in cryptocurrency investment product development. Industry observers note that successful launches of these ETFs could potentially unlock substantial institutional capital flows into the digital asset space, further legitimizing cryptocurrency as an asset class within conventional investment portfolios.