VanEck and Other ETF Issuers Urge US SEC to Approve According to Application Order

According to ChainCatcher, as reported by Cointelegraph, ETF issuers VanEck, 21Shares, and Canary Capital have written to the US SEC, urging the reinstatement of the "first come, first served" principle, approving ETF applications in the order they are submitted to the regulators. These companies argue that the SEC's failure to adhere to the "first come, first served" principle (the default application approval process before the listing of crypto ETFs) undermines fair competition and hinders financial innovation.