72 ETF Applications Await SEC Endorsement: Michael Saylor States Paul Atkins Will Benefit Bitcoin
With the US Securities and Trading platform Commission (SEC) adjusting its viewpoint on digital currency to a more favorable one, there are currently an impressive 72 ETF applications pending approval. This follows the successful approvals of the Bitcoin and Ethereum ETFs from the previous year.
The influx of ETF filings coincides with the administration under President Donald Trump, which has driven a monumental change in the crypto regulatory environment, likely paving the way for more institutional investment in digital currencies.
Eric Balchunas, a Senior ETF Analyst at Bloomberg, shared on X, “We now have 72 crypto-related ETFs with the SEC waiting for approval to list or list options. This includes everything from XRP, Litecoin, and Solana to Penguins, Doge, and 2x Melania, along with all sorts of others. It promises to be an exciting year,” he noted.
There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year. Great roundup from @JSeyff pic.twitter.com/IHTqqxeH35
— Eric Balchunas (@EricBalchunas) April 21, 2025
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Michael Saylor Claims Atkins Will Benefit Bitcoin
Paul Atkins was officially inaugurated on Monday, April 21, 2025, as the 34th Chairman of the US SEC, symbolizing a crucial turn towards a more cryptocurrency-accommodating regulatory approach.
Strategist Michael Saylor expressed on X that, “SEC Chairman Paul Atkins is poised to be advantageous for BTC.”
SEC Chairman Paul Atkins will be good for BTC. pic.twitter.com/E4SjdCqWBE
— Michael Saylor (@saylor) April 22, 2025
In regards to Atkins’ appointment, Trump stated, “He is the ideal individual to guide this agency at a time when crypto innovators urgently require regulatory clarity and straightforward rules.”
Atkins, for his part, mentioned that BTC and crypto asset will be his primary focus.
“As I return to the SEC, I am glad to collaborate with my fellow Commissioners and the agency’s dedicated staff to further its mission to promote capital formation; maintain fair, orderly, and effective markets; and safeguard investors,” Atkins remarked. “Together, we’ll strive to ensure that the US is the premier and most secure destination for investment and business.”
SEC Modifies Crypto Enforcement Approach
Last month, the SEC officially concluded its investigation into the Australian crypto gaming company Immutable, marking a notable step in the regulatory journey of the firm.
The SEC’s decision to wrap up the Immutable case is part of a wider trend in its approach to enforcing crypto regulations. In recent times, the agency has also ceased investigations into several prominent crypto firms, such as OpenSea, Uniswap, Robinhood, and Gemini.
To promote regulatory transparency, the SEC has initiated a crypto-specialized task force led by Commissioner Hester Peirce.
Currently, Ripple is approaching the conclusion of its legal conflict with the SEC. An announcement from March 26 indicated that Ripple would forgo a counter-appeal after the SEC opted to withdraw its appeal earlier this month.
The firm will incur a diminished penalty of $50 million, reduced from the initially suggested $125 million.
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Key Insights
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The present backlog of 72 crypto ETF applications signifies a notable surge compared to past years, reflecting increasing institutional interest in regulated digital currency exposure for mainstream investors.
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The SEC’s readiness to assess such a substantial number of applications illustrates a considerable shift from its earlier approach.
The article 72 ETF Filings Are Awaiting Approval At SEC: Michael Saylor Claims Paul Atkins Will Benefit BTC was first published on 99Bitcoins.
