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ETF Issuers Urge SEC to Reinstate ‘First-to-File’ Rule Amid Crypto Approval Delays
VanEck, 21Shares, and Canary Capital urged the SEC to return to approving ETF applications based on who files first. They say the current system discourages innovation and rewards latecomers. As crypto ETF filings rise under Trump’s administration, delays continue, especially for altcoin and staking ETFs, with many decisions pushed to October, frustrating industry players.
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