Bloomberg analyst: Crypto ETF approval may be postponed until the new SEC chairman takes office

Odaily News The U.S. Securities and Exchange Commission (SEC) on Tuesday postponed its decision on several spot cryptocurrency ETF applications, including XRP, Solana (SOL), Dogecoin (DOGE) and Litecoin (LTC). Bloomberg ETF analyst James Seyffart said the SEC is unlikely to approve or reject these applications until Paul Atkins, the SEC chairman nominated by Trump, is confirmed by Congress.
Seyffart pointed out that although Trump has nominated Atkins to take over as SEC chairman, a confirmation hearing has not yet been scheduled. In addition, the approval of spot Bitcoin and Ethereum ETFs took several years. The SEC previously used the maturity of the futures market of related assets as an important approval criterion, and none of the ETF applications currently under review meet this standard.
Despite this, analysts believe that the probability of some altcoin ETFs being approved by the end of this year is still as high as more than 65%. However, the final result still depends on the confirmation of the new chairman and his policy direction.