End to US gov’t shutdown sparks institutional buying, ETF ‘floodgate’ hopes

The potential end of the 40-day US government shutdown is decreasing “financial uncertainty” among investors, leading to growing institutional crypto accumulation.

Institutional demand for digital assets saw a significant uptick as investors digested news about the US Senate reaching a much-awaited deal that could soon end the 40-day government shutdown.

On Sunday, the US Senate advanced a procedural vote to end the government shutdown, with the final post-cloture vote expected to occur on Monday, according to the Senate’s schedule. 

Cryptocurrency markets saw a rebound after the report. The Starknet (STRK) token rose over 43% as the day’s biggest winner, followed by the Trump-backed World Liberty Financial (WLFI) token, up 28% over the past 24 hours, according to CoinMarketCap data.

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