Will a Bitcoin ETF be Approved Any Time Soon?

There are currently no active bitcoin ETF proposals in front of the SEC with VanEck, SolidX and Cboe BZX Exchange withdrawing their application earlier this week; the firms cited the government shutdown as the reason for withdrawal and they plan to refile the application in the future; with no active applications pending one begins to wonder if there will ever be approval for a bitcoin ETF; the bitcoin markets can help the cause, if the markets stabilize and the issues of valuation, liquidity, custody, and market manipulation are addressed the SEC could change their tune; right now the government shutdown only further dims the hopes of an approval being done any time soon. Source.