{"id":17460,"date":"2025-03-12T17:02:07","date_gmt":"2025-03-12T17:02:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17460"},"modified":"2025-03-12T17:02:07","modified_gmt":"2025-03-12T17:02:07","slug":"crypto-etfs-likely-wont-be-approved-until-new-sec-chair-is-sworn-in","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17460","title":{"rendered":"Crypto ETFs Likely Won’t Be Approved Until New SEC Chair Is Sworn In"},"content":{"rendered":"
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Despite recent acknowledgements by the Securities and Exchange Commission (SEC) on several spot crypto exchange-traded fund (ETF) applications, the agency is unlikely to make any decisions approving these products until its leadership is settled.<\/p>\n<\/p>\n

\u201cI would have been very very surprised if they approved any of these filings before [Paul] Atkins was confirmed at their first deadlines,\u201d said James Seyffart, an ETF analyst at Bloomberg Intelligence. \u201cIt\u2019s been our assumption that anything that can be pushed until Atkins is officially at the SEC, will be pushed back.\u201d<\/p>\n<\/p>\n

A person familiar with the matter told CoinDesk that they agree with that view. \u201cThis administration has shown an ability to break precedent, so I guess it\u2019s within the realm of possibility to see an early approval. I\u2019d be surprised, but you never know,\u201d the person said.<\/p>\n<\/p>\n

President Donald Trump named<\/a> former SEC commissioner and current CEO of Patomak Global Partners Paul Atkins as his pick to lead the agency. Former SEC Chair Gary Gensler resigned from the position in January ahead of the inauguration of Trump. No hearing has been scheduled yet for the confirmation of Atkins, however.<\/p>\n<\/p>\n

The agency delayed decisions<\/a> on several spot crypto ETFs on Tuesday, including XRP, Solana (SOL), Dogecoin (DOGE) and Litecoin (LTC), a move that while not completely expected, wasn\u2019t shocking either, according to Seyffart.<\/p>\n<\/p>\n

It took issuers years to receive the SEC\u2019s green lights on launching spot bitcoin (BTC) and ether (ETH) ETFs, even despite the fact that there had been a well-established regulated futures market for both assets. While this is not a legal requirement in order to launch ETFs based on an asset, it was an important criteria for the SEC in launching ETFs tied to BTC and ETH.<\/p>\n<\/p>\n

None of the currently outstanding ETF applications fulfil that criteria. Nevertheless, Seyffart and his colleagues see odds for an approval for several altcoin ETFs by the end of the year at 65% or higher. While some of the applications that are due for a decision in May and June are more likely to see an approval then, it all depends on the confirmation of the new chair.<\/p>\n<\/p>\n

In its reviews of past spot Bitcoin and Ether ETF applications, the SEC usually took advantage of the procedural delays it’s allowed to use to extend deadlines to close to 240 days \u2014 the longest amount of time it has to approve or reject an application.<\/p>\n<\/p>\n

\u201cTheoretically we should have a chair by then but I wouldn\u2019t necessarily say it\u2019s guaranteed that these things will be approved immediately then either. Certainly more possible than the March and April deadline for these different spot crypto assets,\u201d Seyffart said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Despite recent acknowledgements by the Securities and Exchange Commission (SEC) on several spot crypto exchange-traded fund (ETF) applications, the agency is unlikely to make any decisions approving these products until its leadership is settled. \u201cI would have been very very surprised if they approved any of these filings before [Paul] Atkins was confirmed at their […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17460","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17460"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17460\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}