by: xpoolPosted on:

ETF Issuers Urge SEC to Return to ‘First-File’ Approval for Bitcoin ETFs

A group of ETF issuers has sent a strong message to the Securities and Exchange Commission (SEC), urging them to reintroduce the historical ‘first-to-file’ rule when evaluating Bitcoin ETF applications. This move, spearheaded by firms like VanEck and Bitwise, reflects concerns about recent deviations from traditional SEC practices in approving crypto-related ETFs. The industry hopes this change will foster a fairer and more predictable regulatory environment that rewards thorough compliance efforts.

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