US government reopening may unleash crypto ETF floodgates: Analyst

Bitwise Chief Investment Officer Matt Hougan has predicted an 'ETF Festival' in 2026, countering bear market concerns. Speaking to CNBC on November 19, 2025, he noted that the reopening of the US government and advancing legislation could lead to over 100 new crypto ETFs launching, signaling a potential resurgence in the cryptocurrency market.

Binance founder Changpeng Zhao, known as 'CZ', faced a surprising inquiry about the potential refund of a $4.3 billion settlement by the US government following his presidential pardon. His response has sparked significant interest within the cryptocurrency community, adding complexity to ongoing discussions about regulatory actions and their implications for crypto exchanges.

Analysts predict that the reopening of the US government could lead to a surge in crypto exchange-traded funds (ETFs) in 2026, potentially revitalizing interest in digital asset markets. This development is seen as a positive sign for investors looking to engage with cryptocurrencies.