#加密监管政策 The SEC's silence on the Canary Spot LTC ETF is indeed thought-provoking. The government shutdown is certainly a factor, but the new universal listing standards may also be at play. I have been following the progress of various ETF applications, and this uncertainty has a significant impact on market sentiment. The role of the 19b-4 application has become ambiguous, and the S-1 registration statement has become crucial. For those of us closely tracking market movements, this means adjusting strategies and reassessing risks. That being said, changes in the regulatory environment always bring new opportunities. Moving forward, I will observe the SEC's movements more cautiously, while also keeping an eye on traders who can flexibly respond to policy changes. After all, in this rapidly changing market, adaptability is often more important than prediction.