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Bitcoin ETF Issuers Request Return of ‘First-to-File’ SEC Rule Amid Approval Concerns 🏦
Crypto ETF issuers are lobbying the SEC for the reinstatement of the 'first-to-file, first-to-approve' rule. They argue that this procedure would foster fairness and encourage innovation in the exchange-traded products approval process.
Leading asset managers such as VanEck and 21Shares are prominent proponents of this request, reflecting a growing concern over the current approval criteria.
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