I will have to do research on this as until now i was under the impression the video works like this:
the shutter opens and stays open exposing the sensor that collects the data (video). Therefore shutter speed couldnt be adjusted as there is nothing to be adjusted as its open.
But it seems im totally wrong about this or we are talking about two different things. Not sure
You are actually correct - the shutter opens all the time when the video is being taken. The 'shutter' speed is just the time to expose each frame, think of an 'electronic shutter'.