Despite these delays, analysts remain optimistic about the final approval of exchange-traded funds for alternative currencies in 2025. James Seifart, an ETF analyst at Bloomberg, noted that such delays are a routine procedure, and the final deadlines for decision-making extend to October. The recent appointment of Paul Atkins as the head of the U.S. Securities and Exchange Commission (SEC) has raised some doubts about the agency's approach to cryptocurrency-related financial products. While some investors hoped for a more positive stance under Atkins' leadership, the current delays have raised questions about the agency's direction.