How Some Minor Crypto ETFs Managed to Avoid the Impact of the Government Shutdown
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2025
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Source: MarketWatch
Unexpected ETF Launches: Several exchange-traded funds (ETFs) focused on lesser-known cryptocurrencies were launched in the U.S. on Tuesday, surprising many observers.
Government Shutdown Context: The launches occurred despite a government shutdown that began on October 1, during which the U.S. Securities and Exchange Commission (SEC) is limited to essential tasks.
SEC's Functioning Plan: According to the SEC's plan for functioning during the shutdown, reviewing or approving ETF applications is not classified as an essential task.
Market Implications: The approval of these ETFs amidst the shutdown raises questions about regulatory processes and the potential impact on the cryptocurrency market.
Analyst Views on HBR
Wall Street analysts forecast HBR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HBR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 14.783
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
