Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bloomberg Analyst: Crypto ETF Approval May Be Delayed Until New SEC Chairman Takes Office

Bloomberg Analyst: Crypto ETF Approval May Be Delayed Until New SEC Chairman Takes Office

Bitget2025/03/12 22:29

The U.S. Securities and Exchange Commission (SEC) on Tuesday delayed 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 the applications until Trump's nominee for SEC chairman, Paul Atkins, is confirmed by Congress. Seyffart noted that although Trump has nominated Atkins to take over as SEC chairman, no confirmation hearing has been scheduled yet. Additionally, spot bitcoin and ethereum ETFs have taken years to be approved, and the SEC has previously cited the maturity of the futures markets for the underlying assets as an important approval criterion, which none of the currently pending ETF applications meet. Nonetheless, analysts believe that the probability of some of the cottage-coin ETFs being approved before the end of this year is still upwards of 65%. However, the final outcome still depends on the confirmation of the new chairman and his policy direction.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!