VanEck and Allies Desire SEC to Think About "First to Submit" Guideline for Future Ethereum ETF Evaluations

The post VanEck and Partners Urge SEC to Consider “First to File” Rule for Future Ethereum ETF Reviews appeared on BitcoinEthereumNews.com. VanEck, 21Shares, and Canary Capital have jointly petitioned the SEC to reinstate the “first to file, first to approve” principle in the cryptocurrency ETF approval process, aiming to restore predictability and fairness. This move comes in the wake of the SEC’s recent approval of multiple spot Bitcoin ETFs, where the traditional chronological review order appeared to be set aside, causing uncertainty among applicants. According to COINOTAG, the firms emphasize that reinstating this principle could streamline regulatory reviews and incentivize early, high-quality filings, benefiting both issuers and investors. VanEck, 21Shares, and Canary Capital urge the SEC to return to “first to file, first to approve” for crypto ETFs, promoting clarity and fairness in the regulatory process. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Reinstating “First to File, First to Approve”: A Strategic Move for Crypto ETF Regulation The cryptocurrency exchange-traded fund (ETF) landscape is at a pivotal juncture as major asset managers seek to influence the Securities and Exchange Commission’s (SEC) regulatory framework. The “first to file, first to approve” principle, historically used by the SEC to prioritize ETF applications by submission order, is at the center of this debate. VanEck, 21Shares, and Canary Capital’s recent letter to the SEC underscores their collective interest in reinstating this principle to enhance transparency and predictability in the approval process. This principle essentially functions as a queue system, where the earliest compliant…