US Government Shutdown Updates (Oct. 10, 2025): Crypto Market Remains Bullish
With the U.S. government shutdown entering its tenth day, both democrats and republicans remain uncertain about its resolution, which ignites fear among investors who are skeptical about the traditional economy. Analysts expect the shutdown to continue next week, which will likely help Bitcoin increase its inflow, particularly in the form of ETFs.
While the U.S. government shutdown has become a catalyst for Bitcoin’s bull run, some key decisions from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) remain uncertain due to the limited number of staff members available.
U.S. Shutdown a Catalyst for the Debasement Trade
The debasement trade scenario, in which the investors move away from fiat to non-printable and finite assets such as Bitcoin and gold, has been going on for a while due to concerns over the monetary expansion and excessive borrowing. The shutdown heightened this, leading to the movement of Bitcoin and Gold to their all-time highs.
Bitcoin, which achieved its all-time high (ATH) of $126k three days ago, is now trading for just 3.62% down from the ATH. Analysts expect the inflow of more institutional money to the asset, filling the current dip and making it reach new ATHs in this Uptober rally.
CFTC Faces Uncertainty Due to the Pullback of Chair Nominee
Amidst the shutdown, the Commodity Futures Trading Commission (CFTC) is facing various issues due to the withdrawal of Brian Quintenz’s nomination for the CFTC chair by the Trump administration. The nomination was pulled after Quintenz clashed with the Gemini co-founders, the Winklevoss twins, regarding crypto lobbying.
Jake Chervinsky, chief legal officer at Variant Fund, stated on the incident, “It’s disappointing that we spent so much time with someone who I thought was a fantastic candidate in Brian Quintenz for the role of CFTC chair, only to have the nomination pulled now over what seem to be political issues.” Jake Chervinsky also commented on the DeFi legislative proposal from the Senate Democrats by saying that it is deeply unserious. “These Senators claim to be pro-crypto, but what they propose is basically a crypto ban,” he tweeted.
DeFi Proposal From Senate Democrats Sparks Clash With Republicans
The proposal for a new set of aggressive DeFi regulations was drafted by the democrats, and it has been getting critical responses from both the republicans and the crypto industry. The news was first made public by reporters Brendan Pedersen and Eleanor Terrett, and official confirmation is yet to arrive from the democrats and republicans.
Grayscale Litecoin & Solana ETF to Pause Today Due to SEC Shutdown
With 90% of the staff not available in the SEC, Grayscale’s Litecoin (LTC) ETF and the Solana (SOL) ETF, which are scheduled for the final review today, will be delayed, similar to the Canary Litecoin ETF that got paused on October 2nd, 2025. If the shutdown continues till the end of October, we will witness the delay of 13 more ETFs, all based on XRP, LTC, SOL, and DOGE. According to market observers, this will have a significant impact on the charts of respective cryptocurrencies, excluding them from the altcoin bull run.
Upcoming Crypto Spot ETF Deadlines: October 2025
Following the Grayscale’s Litecoin and Solana ETF, we will witness the deadlines of VanEck Solana Trust ETF, 21Shares Core Solana ETF, Canary Solana ETF, and Bitwise Solana ETF on October 16th, 2025. The detailed list of ETF filings awaiting approval this October is given below.
| Sl. No | ETFs List | Final Deadline |
|---|---|---|
| 1 | Canary Litecoin ETF | 10/2/25 |
| 2 | Grayscale Litecoin Trust | 10/10/25 |
| 3 | CoinShares Litecoin ETF | 10/23/25 |
| 4 | Grayscale Solana Trust | 10/10/25 |
| 5 | VanEck Solana Trust | 10/16/25 |
| 6 | 21Shares Core Solana ETF | 10/16/25 |
| 7 | Canary Solana ETF | 10/16/25 |
| 8 | Bitwise Solana ETF | 10/16/25 |
| 9 | Grayscale Dogecoin Trust | 10/18/25 |
| 10 | Grayscale XRP Trust | 10/18/25 |
| 11 | 21Shares Core XRP Trust | 10/19/25 |
| 12 | Bitwise XRP ETF | 10/22/25 |
| 13 | Canary XRP ETF | 10/23/25 |
| 14 | Wisdomtree XRP Fund | 10/24/25 |
| 15 | CoinShares XRP ETF | 10/23/25 |
Crypto Market Today (Oct 10): Bullish
- Market Cap – $4.15 Trillion
- Fear & Greed Index – Neutral (54)
- Bitcoin Dominance – 58.4%
- Ether Dominance – 12.7%
- Altcoin Season Index- 50/100
Bitcoin, Ethereum, BNB, XRP, and SOL remain the top cryptocurrencies by market cap, and the surge of these currencies has made the entire crypto market bullish in sentiment and neutral in the Fear & Greed Index. BNB has achieved its new ATH, and it’s now trading at $1,275. Bitcoin is at $121,653.87, just 0.22% down from the previous day.
Crypto & Blockchain Expert