[Multiple Institutions Submit Over 20 Cryptocurrency ETF Applications on the Same Day] According to a report by Jinse Finance, multiple institutions, including REX Shares and Osprey Funds, have collectively submitted at least 21 cryptocurrency-related ETF applications to the U.S. Securities and Exchange Commission (SEC). These applications cover tokens such as SUI, BCH, HYPE, as well as staking-based products. Defiance ETFs has also submitted an application for leveraged funds tracking cryptocurrencies, Tesla, and Amazon. This wave of applications comes in the context of the SEC approving rule amendments for three exchanges regarding the listing of commodity trust shares. The rule changes exempt related ETFs from undergoing the 19b-4 review process, significantly shortening the time required for product listings. Bloomberg Intelligence analyst James Seyffart commented on social media: "The situation is getting crazy." Although the regulatory environment has become more favorable since President Trump took office, and some earlier ETF applications are approaching their approval deadlines in the coming weeks, the current process has stalled due to the U.S. government shutdown that began on October 2. According to sources familiar with the matter, the SEC is likely to pause processing cryptocurrency ETF registration statements until the government resumes operations.