VanEck and other ETF issuers sent a letter urging the SEC to approve the application in the order in which it was filed
2025-06-07 02:58:59
According to Cointelegraph, ETF issuers VanEck, 21Shares and Canary Capital sent a letter to the US SEC urging the restoration of the "first-to-file" principle to be approved in the order in which ETF applications are submitted to regulators. The companies argue that the SEC's failure to comply with the "first-to-file principle" - the default application approval process for crypto ETFs before they go public - has undermined healthy competition and hindered financial innovation.
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