### Crypto ETF Applications Surge#

As Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), is set to leave his post, the cryptocurrency industry has filed a surge of ETF applications with the SEC, triggering a frenzy of crypto ETF filings. Reports indicate that over half of the crypto ETF applications have been submitted in the short period leading up to Gensler's departure. This phenomenon suggests that the crypto industry is optimistic about ETF approvals and hopes to secure more approvals after Gensler leaves office. Gensler has adopted a cautious approach toward crypto regulations during his tenure, and his departure is seen as an opportunity for the crypto industry to gain more regulatory support. However, it remains uncertain whether the new chairman will be more open to crypto ETFs, which will directly impact the approval process for crypto ETFs.