The new chairman of the US SEC is expected to implement matters related to the pledged spot Ethereum ETF and the application of the altcoin ETF
04-22 02:08
Odaily News Cryptocurrency supporter Paul Atkins has been officially sworn in as chairman of the U.S. Securities and Exchange Commission (SEC). Crypto industry insiders expect that the cryptocurrency exchange-traded fund (ETF) landscape will undergo major changes soon, as Paul Atkins will handle the implementation of crypto ETF-related matters. It is reported that Paul Atkins is responsible for the following crypto ETF-related matters: 1) Physical creation and redemption of spot Bitcoin and Ethereum ETFs; 2) Pledged spot Ethereum ETFs; 3) Approval of dozens of cryptocurrency-related ETF applications. (Coinstats) According to previous news, Bloomberg analyst Eric Balchunas said that this year there will be more than 70 crypto ETFs waiting for SEC review, covering a variety of assets such as XRP, LTC, SOL, Dogecoin, and crypto derivatives.
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