Crypto bulls were amped for potential solana ETF approvals this week. But the government shutdown threw it into limbo.

Crypto bulls were buzzing with anticipation that several major Wall Street firms would win approval this week to launch exchange-traded funds investing in solana, a lesser-known cryptocurrency. But a partial U.S. government shutdown has thrown the process into limbo.

The Securities and Exchange Commission faced a Friday deadline to make a decision on the applications of ETFs investing in solana

SOLUSD, which were filed by firms such as Fidelity, Franklin Templeton BEN and Invesco IVZ. If the agency approves the ETFs, it would mark another milestone as digital assets become increasingly mainstream.