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, requesting that approvals be granted in the order ETF applications are submitted to the regulators. These companies argue that the SEC has failed to adhere to the "first-come, first-served principle" (the default application approval process prior to the listing of encryption ETFs), thereby undermining healthy competition and hindering financial innovation.
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BlockchainThinkTank
· 23h ago
It's recommended to wait a bit longer.
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TommyTeacher1
· 23h ago
The SEC plays with the rules without any bottom line.
ETF issuers jointly sent a letter to the SEC requesting the restoration of the first-come, first-served principle for the approval of 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, requesting that approvals be granted in the order ETF applications are submitted to the regulators. These companies argue that the SEC has failed to adhere to the "first-come, first-served principle" (the default application approval process prior to the listing of encryption ETFs), thereby undermining healthy competition and hindering financial innovation.