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, to approve ETF applications in the order submitted to the regulatory agency. These companies argue that the SEC has failed to adhere to the "first-come, first-served" principle (i.e., the default application approval process before the listing of encryption ETFs), thereby undermining healthy competition and hindering financial innovation.
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NftDataDetective
· 3h ago
Market inefficiency at play.
Reply0
SatoshiLegend
· 06-07 09:57
Regulation must ultimately keep up with innovation.
Reply0
GateUser-aa7df71e
· 06-07 09:57
Long positions must get on board!
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CryptoAdventurer
· 06-07 09:53
Queueing for the license plate, suckers are waiting for fate.
ETF issuers jointly sent a letter to the SEC calling for 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, to approve ETF applications in the order submitted to the regulatory agency. These companies argue that the SEC has failed to adhere to the "first-come, first-served" principle (i.e., the default application approval process before the listing of encryption ETFs), thereby undermining healthy competition and hindering financial innovation.