VanEck and Partners Urge SEC to Consider “First to File” Rule for Future Ethereum ETF Reviews 📊
VanEck, alongside its partners 21Shares and Canary Capital, has approached the U.S. Securities and Exchange Commission (SEC) with a request to revert to the "first to file, first to approve” policy in the context of cryptocurrency Exchange-Traded Funds (ETFs) reviews. This move aims to bring back a level of predictability and orderliness to the approval process for ETFs, which has faced scrutiny over its current approach.
The proposal centers specifically on future Ethereum ETF applications, suggesting that the "first to file" principle would enhance fairness and efficiency within the regulatory framework.
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