The Securities and Exchange Commission (SEC) is unlikely to approve any spot crypto exchange-traded funds (ETFs) until its leadership is settled. The agency is currently reviewing several applications for spot crypto ETFs but is expected to delay any decisions until Paul Atkins is confirmed as the new chair. The SEC recently delayed decisions on several spot crypto ETFs, including XRP, Solana, Dogecoin, and Litecoin. While the agency has approved ETFs for Bitcoin and Ethereum in the past, these assets had a well-established regulated futures market, which the current applications lack. However, analysts believe there is a 65% chance of approval for several altcoin ETFs by the end of the year, depending on the confirmation of the new chair.



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