Bloomberg Analyst says it is standard procedure after the SEC delayed the decision on Crypto -Tfs

• Litecoin, Doge-, Solana and XRP -TFS have delayed their approval decision
• The analyst of Bloomberg ETF, James Seyffart, said: "This is standard procedure."
• ETF applications increase when investor interest is continued

The US Securities and Exchange Commission (SEC) has their decision to approve several crypto exchange funds (ETFs).

The ETFs concerned are Litecoin, Doge, Solana and XRP. In submitting published on 11 March 11th March SEC announced that she had published an "announcement over a longer period of time" to determine the result of proposed rules.

The ETFs are those submitted by the XRP -TFS (Chicago Board Options Exchange) from Nasdaq and the Chicago Board Options Exchange (CBOE).

After the news, the ETF analyst from Bloomberg, James Seyffart, continued X : "It is expected that this is a standard procedure," added Paul Atkins, the new chairman of the SEC, not even confirmed.

"This does not change our (relatively high) opportunities for approval. Also note that the final deadlines are only in October," he said.

Yes, the sec Just Punted on a bunch of alt coin etf filings include litecoin, Solana, XRP & Doge. It's Expected as This Is Standard Procedure & Atkins Hasn't Even Even Been Confirmed Yet. This does not change our (relative ely high) Odds of Approval. So note that the final deadlines ...

- James Seyffart (@jseyff) March 11, 2025

The Bloomberg Etf-Analyst Eric Balchunas said: "Also delayed ETH sparkling wine and factual points. Everything was delayed. It is like the NYC-bound Amtrak on Monday morning:" Mechanical problems in DC. "

The two analysts believe that Litecoin ETF has a probability of approval of 90% in 2025.

ETF applications

In the past few months, the number of crypto -ett -applications has increased when investor interest continues.

Yesterday the investment company Vaneck registered for an Avalanche ETF in the United States, although market prices for Altcoin have dropped. In addition to his Litecoin ETF, Nasdaq applied for a Hedera -ETF at the end of February. At the beginning of this month, the NYSE Arca submitted a 19b-4 form to list the Bitwizen Dogecoin ETF.

The increase in applications comes when US President Donald Trump has taken a pro-crypto posture over the market since his election last year. Since he entered the White House, he has made several changes in his administration to strengthen the crypto industry in the USA.

A significant change is the incoming SEC chair. In December it was reported that Trump had selected Atkins to manage the agency after Gary Gensler's departure.

Since leaving the Sec, Atkins has been a pronounced supporter of the crypto industry, especially in his role as co-chair of the token Alliance in the Digital Chamber of Commerce. In addition, Atkins advised digital financial companies to comply with Patomak Global Partners' regulations, a advice that he founded in 2009.

The addition of Atkins is one of the steps that Trump takes to provide clearer guidelines for crypto.