Paul Atkins has officially taken office as the new chair of the U.S. Securities and Exchange Commission (SEC). His appointment coincides with a push for regulatory clarity surrounding digital assets.
72 Crypto ETFs Under Review
The SEC is currently reviewing 72 crypto ETF applications, covering a wide range of digital assets from major tokens like XRP, Litecoin, and Solana to more speculative assets like Dogecoin and novelty tokens. Despite the growing number of altcoin and meme coin ETFs, Bitcoin still dominates the market, accounting for 90% of all global crypto fund assets.
XRP, Solana, and Meme Coins Lead the ETF Race
XRP leads all digital assets in ETF filings, with Bitwise submitting early applications and Franklin Templeton joining recently. Solana has gained momentum as well, with several successful ETF filings. Meme coins like Dogecoin and Polkadot are also making strides, adding variety to the offerings.
All Eyes on Atkins: How Will SEC Policy Change?
With more products on the table and rising investor demand, attention is now focused on how Atkins will steer the SEC’s approach to crypto ETFs. Some underlying assets remain highly volatile, raising questions about how aggressive or cautious the new leadership will be.
The coming months under Paul Atkins' leadership will be crucial in determining the main directions for cryptocurrency regulation and ETF expansion. The future of crypto investments hinges on how the new SEC leadership addresses the market's growing expectations.
