Because the US Securities and Change Fee (SEC) has shifted its stance on cryptocurrency to grow to be pro-crypto, the regulatory physique has a staggering 72 ETF purposes awaiting approval. This comes after the success of the Bitcoin and Ethereum ETFs authorised final yr.
The ETF filings pour in because the US President Donald Trump-led administration has been the catalyst behind a historic shift within the crypto regulatory panorama, probably opening the floodgates for institutional funding in digital belongings.
Senior ETF Analyst for Bloomberg, Eric Balchunas, posted on X. “There at the moment are 72 crypto-related ETFs sitting with the SEC awaiting approval to checklist or checklist choices. All the pieces from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and all the pieces in between. Gonna be a wild yr,” he wrote.
There at the moment are 72 crypto-related ETFs sitting with the SEC awaiting approval to checklist or checklist choices. All the pieces from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and all the pieces in between. Gonna be a wild yr. Nice roundup from @JSeyff pic.twitter.com/IHTqqxeH35
— Eric Balchunas (@EricBalchunas) April 21, 2025
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Michael Saylor Says Atkins Will Be Good For Bitcoin
Paul Atkins was sworn in on Monday, 21 April 2025, because the thirty fourth Chairman of the US SEC, marking a major shift towards a extra crypto-friendly regulatory stance.
Technique Chairman Michael Saylor took to X to say, “SEC Chairman Paul Atkins will probably be good for Bitcoin.”
SEC Chairman Paul Atkins will probably be good for Bitcoin. pic.twitter.com/E4SjdCqWBE
— Michael Saylor (@saylor) April 22, 2025
Commenting on Atkins’ appointment, Trump stated, “He’s the right man to guide this company at a time when crypto innovators are urgently in want of regulatory certainty and clear guidelines of the street.
In the meantime Atkins stated that Bitcoin and crypto will probably be his high precedence.
“As I return to the SEC, I’m happy to hitch with my fellow Commissioners and the company’s devoted professionals to advance its mission to facilitate capital formation; keep truthful, orderly, and environment friendly markets; and shield traders,” Atkins stated. “Collectively we are going to work to make sure that the US is the most effective and most safe place on the earth to take a position and do enterprise.”
SEC Modifications Crypto Enforcement Technique
Final month, the SEC officially ended its investigation into Australian-based crypto gaming agency Immutable, bringing a major chapter within the firm’s regulatory journey to an in depth.
The SEC’s transfer to shut the Immutable case is a part of a broader development in its crypto enforcement technique. In current months, the company has additionally dropped investigations into different main crypto companies, together with OpenSea, Uniswap, Robinhood, and Gemini.
To boost regulatory readability, the SEC has additionally launched a crypto-focused activity drive led by Commissioner Hester Peirce.
In the meantime, Ripple is nearing the end of its own legal battle with the SEC. A March 26 replace confirmed Ripple is not going to pursue a counter-appeal after the SEC agreed to drop its attraction earlier this month.
The corporate can pay a decreased fantastic of $50 million, down from the initially proposed $125 million.
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Key Takeaways
The present backlog of 72 crypto ETF filings represents a dramatic improve from earlier years, signaling rising institutional curiosity in offering regulated cryptocurrency publicity to mainstream traders.
The SEC’s willingness to overview such a lot of purposes marks a major departure from its earlier stance.
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