SEC Awaits Approval for 72 ETF Filings: Michael Saylor’s Optimism for Bitcoin Under Paul Atkins

Since the US Securities and Exchange Commission (SEC) has adjusted its approach to support cryptocurrency, there are currently an impressive 72 ETF applications pending review. This follows recent approvals for Bitcoin and Ethereum ETFs.

As the administration led by former President Donald Trump paves the way for this pro-crypto policy shift, institutional investments in digital assets may soon surge.

Senior ETF Analyst Eric Balchunas noted on social media:

“There are now 72 crypto-related ETFs waiting with the SEC for approval to list, covering a range of assets from XRP and Litecoin to Dogecoin and beyond. It’s going to be an exciting year.”

This optimism aligns with Michael Saylor’s comments about the recent appointment of Paul Atkins as Chairman of the SEC, believing this will be beneficial for Bitcoin. Saylor tweeted:

“SEC Chairman Paul Atkins will be good for Bitcoin.”

In discussing Atkins’ role, Trump expressed, “He’s the ideal choice to lead the SEC during a period when innovators in crypto are in dire need of clear regulations and guidelines.”

Atkins also stated that prioritizing Bitcoin and other cryptocurrencies will be among his foremost objectives:

“As I return to the SEC, I’m eager to work with my fellow Commissioners and the dedicated professionals here to fulfill our mission of facilitating capital formation and protecting investors.”

The SEC’s updated strategy also involves launching a dedicated task force aimed at crypto regulation, signaling a potential shift in how the agency interacts with the industry.

As developments unfold, the future for ETF approvals looks promising, heralding a new chapter for cryptocurrency investments.