According to Gate News bot, reported by Wu, VanEck, 21Shares, and Canary Capital have jointly sent a letter to SEC Chairman Paul Atkins. The three institutions pointed out in the letter that the SEC has not processed applications for Spot Bitcoin and Ethereum ETFs in the order they were submitted. The letter mentions that the current approval method concentrates resources on large institutions, causing losses to market fairness and competition. The three institutions are calling on the SEC to restore the "first come, first served" approval mechanism.
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Multiple institutions have written to the SEC chairman requesting the restoration of the "first come, first served" mechanism for ETF applications.
According to Gate News bot, reported by Wu, VanEck, 21Shares, and Canary Capital have jointly sent a letter to SEC Chairman Paul Atkins. The three institutions pointed out in the letter that the SEC has not processed applications for Spot Bitcoin and Ethereum ETFs in the order they were submitted. The letter mentions that the current approval method concentrates resources on large institutions, causing losses to market fairness and competition. The three institutions are calling on the SEC to restore the "first come, first served" approval mechanism.
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