{"id":12834,"date":"2025-06-07T03:39:35","date_gmt":"2025-06-07T01:39:35","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=12834"},"modified":"2025-06-07T03:39:35","modified_gmt":"2025-06-07T01:39:35","slug":"etf-providers-urge-sec-to-prioritize-approval-of-submitted-applications","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/07\/etf-providers-urge-sec-to-prioritize-approval-of-submitted-applications\/","title":{"rendered":"ETF Providers Urge SEC to Prioritize Approval of Submitted Applications"},"content":{"rendered":"<p> &#8220;`html<br \/>\n<\/p>\n<div data-v-60373258=\"\">\n<p>Exchange-traded fund (ETF) creators VanEck, 21Shares and Canary Capital dispatched a correspondence to the US Securities and Exchange Commission (SEC) advocating for a reinstatement of the \u201cfirst-to-file\u201d doctrine for approving ETF proposals in the sequence they were presented to the authority.<\/p>\n<p>The firms contended that by not adhering to the first-to-file principle, which was the default approval process prior to the arrival of crypto ETFs, the SEC undermines healthy rivalry and obstructs financial innovation. The letter <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/vaneck_us\/status\/1931038867785744836\" title=\"null\">states<\/a>:<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>&#8220;The diminished motivation for innovative product development carries wider consequences. It limits investor options, impedes market efficiency, and essentially jeopardizes the commission&#8217;s objective of safeguarding investors, ensuring fair, orderly, and efficient markets, and promoting capital formation.&#8221;<\/p><\/blockquote>\n<p>\u201cThe ongoing global prominence of the United States in financial innovation is closely tied to regulatory frameworks that proactively nurture and reward entrepreneurship, creativity, and authentic innovation,\u201d the letter further articulates.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Initial page of the joint correspondence from VanEck, Canary Capital and 21Shares to the SEC. Source: <\/em><a href=\"https:\/\/x.com\/vaneck_us\/status\/1931038867785744836\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/x.com\/vaneck_us\/status\/1931038867785744836\"><em>VanEck<\/em><\/a><\/figcaption><\/figure>\n<p>Digital asset <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/sec-crypto-etf-filings-reviews-approvals-accelerate\" title=\"null\">ETF submissions surged<\/a> after the inauguration of US President Donald Trump, as asset managers and crypto firms hurried to secure approval for new investment vehicles, anticipating a more favorable regulatory environment in the US.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/sec-policymaking-notice-and-comment-chair-paul-atkins\" title=\"null\"><em><strong>SEC poised to shape crypto policy through \u2018notice and comment,\u2019 asserts Atkins<\/strong><\/em><\/a><\/p>\n<h2>SEC postpones decisions on staking, altcoin ETFs as applications surge<\/h2>\n<p>Despite the growing institutional interest in altcoin and staking ETFs, and the rising number of ETF submissions, the SEC has postponed its decisions on various altcoin and crypto-staking ETFs.<\/p>\n<p>In May, the authority <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/sol-ltc-etf-delayed-polkadot-xrp-etfs-june-deadline\" title=\"null\">delayed its verdict<\/a> on the listing of Grayscale\u2019s spot Solana (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/solana-price-index\" title=\"null\">SOL<\/a>) Trust ETF until October.<\/p>\n<p>SEC representatives also <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/sec-delays-ether-staking-xrp-etfs-expected-analyst\" title=\"null\">postponed the sanction<\/a> of staking and XRP (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\" title=\"null\">XRP<\/a>) ETFs in May, a development that did not surprise market analysts.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"17042195\"\/><\/p>\n<p>\u201cThe SEC commonly utilizes the full duration to respond to a 19b-4 submission,\u201d Bloomberg ETF analyst James Seyffart remarked in a May 20 X <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/JSeyff\/status\/1924909692318580894\" title=\"null\">post<\/a>.<\/p>\n<p>\u201cVirtually all of these submissions have final due dates in October. Early verdicts are atypical,\u201d the analyst added.<\/p>\n<p>Furthermore, the SEC recently reacted to the effective registration statements for the REX-Osprey staked ETFs, expressing concerns that the investment vehicles<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/sec-says-rex-osprey-staked-etf-may-not-qualify\" title=\"null\"> might not qualify as ETFs<\/a> because of the underlying fund&#8217;s business structure.<\/p>\n<p>This resulted in a delay in the ETF introduction even though numerous analysts predicted that the effective registration statements <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/ether-solana-staking-etf-filings-rex-shares-speculation-crypto-analysts\" title=\"null\">indicated forthcoming launches<\/a> of these investment products.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/sec-crypto-laws-unclear\/\" title=\"null\"><em><strong>SEC\u2019s reversal on crypto leaves significant questions unresolved<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"\/><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/etf-issuers-letter-urging-sec-return-first-file-approvals?utm_source=rss_feed&#038;utm_medium=rss_tag_regulation&#038;utm_campaign=rss_partner_inbound\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html Exchange-traded fund (ETF) creators VanEck, 21Shares and Canary Capital dispatched a correspondence to the US Securities and Exchange Commission (SEC) advocating for a reinstatement of the \u201cfirst-to-file\u201d doctrine for approving ETF proposals in the sequence they were presented to the authority. The firms contended that by not adhering to the first-to-file principle, which was<\/p>\n","protected":false},"author":3,"featured_media":12835,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[2657],"class_list":["post-12834","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-etf-issuers-demand-sec-approve-applications-in-order-of-filing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ETF Providers Urge SEC to Prioritize Approval of Submitted Applications - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/07\/etf-providers-urge-sec-to-prioritize-approval-of-submitted-applications\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETF Providers Urge SEC to Prioritize Approval of Submitted Applications - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html Exchange-traded fund (ETF) creators VanEck, 21Shares and Canary Capital dispatched a correspondence to the US Securities and Exchange Commission (SEC) advocating for a reinstatement of the \u201cfirst-to-file\u201d doctrine for approving ETF proposals in the sequence they were presented to the authority. 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