According to reports, ETF issuers VanEck, 21Shares, and Canary Capital have written to the U.S. SEC urging the restoration of the "first-come, first-served" principle for the approval of ETF applications based on the order submitted to the regulatory agency. These companies argue that the SEC has failed to adhere to the "first-come, first-served principle" (the default application approval process before the listing of encryption ETFs), thereby undermining healthy competition and hindering financial innovation.
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Multiple ETF issuers have written to the SEC urging the restoration of the "first-come, first-served" approval principle for encryption ETFs.
According to reports, ETF issuers VanEck, 21Shares, and Canary Capital have written to the U.S. SEC urging the restoration of the "first-come, first-served" principle for the approval of ETF applications based on the order submitted to the regulatory agency. These companies argue that the SEC has failed to adhere to the "first-come, first-served principle" (the default application approval process before the listing of encryption ETFs), thereby undermining healthy competition and hindering financial innovation.