<p>ChainCatcher News, according to Cointelegraph, ETF issuers VanEck, 21Shares, and Canary Capital have written to the U.S. SEC urging the restoration of the "first-come, first-served" principle, approving ETF applications in the order they are submitted to the regulator.</p><p>These companies argue that the SEC's failure to adhere to the "first-come, first-served" principle (the default approval process for crypto ETF listings) undermines healthy competition and hinders financial innovation.</p>

According to ChainCatcher, as reported by Cointelegraph, ETF issuers VanEck, 21Shares, and Canary Capital have written to the U.S. SEC urging the restoration of the "first-come, first-served" principle, advocating for ETF approvals to be granted in the order of application submissions to the regulator. These companies argue that the SEC's failure to adhere to the "first-come, first-served" principle (the default application approval process prior to crypto ETF listings) undermines healthy competition and hinders financial innovation.

VanEck and Other ETF Issuers Urge the U.S. SEC to Approve According to the Order of Application