Despite the recent recognitions of Securities and Exchange Commission (SEC) on several Spot Crypto Exchange-Traded Fund (ETF) applications, the Agency is unlikely to make any decisions that approve these products until its management is decided.

“I would have been very surprised if they approved any of these archives before [Paul] Atkins was confirmed at their first deadlines, ”said James Seyffart, an ETF analyst at Bloomberg Intelligence. “It has been our assumption that everything that can be pushed until Atkins is officially at SEC will be pushed back.”

A person who is familiar with the case told Coindesk that they agree with this view. “This administration has shown an ability to break a precedent, so I guess it is within the possibility of seeing early approval. I would be surprised, but you never know, ”said the person.

President Donald Trump appointed former SEC Commissioner and current CEO of Patomak Global Partners Paul Atkins as his election to lead the agency. Former SEC chairman Gary Gensler retired from the position in January prior to the inauguration of Trump. However, no consultation is planned for the confirmation of Atkins.

The agency delayed decisions on several spot -crypto -Tfs on Tuesday, including XRP, Solana (SOL), Dogecoin (DOGE) and LITECOIN (LTC), a step that, although not completely expected, was also not shocking, according to Seyffart.

It took issuers years to receive SEC’s green light by launching Spot Bitcoin (BTC) and Ether (ETH) ETFs, even despite the fact that there had been a well -established regulated futures market for both assets. While this is not a legal requirement to launch ETFs based on an asset, it was an important criteria for SEC in the launch of ETFs tied to BTC and ETH.

None of the currently excellent ETF applications meet these criteria. Nevertheless, Seyffart and his colleagues look odds for the approval of several ALTCOIN ETFs at the end of the year at 65% or higher. While some of the applications that are due to a decision in May and June are more likely to see an approval, it all depends on the confirmation of the new chairman.

In its reviews of previous spot -bitcoin and ether -Tf -applications, SEC usually utilized the procedural delays it is allowed to use to extend deadlines to close to 240 days -the longest time it must approve or reject an application.

“Theoretically, we should have a chair at that time, but I would not necessarily say that it is guaranteed that these things are immediately approved. Certainly more possible than the deadline for March and April for these various spot -crypto assets, ”said Seyffart.