Crypto ETF Issuers Seek ‘First-to-File’ Rule Back

Three leading asset managers, VanEck, 21Shares, and Canary Capital, have urged the U.S. Securities and Exchange Commission (SEC) to reinstate a “first-to-file, first-to-approve” rule for exchange-traded products (ETPs). They argue this approach is necessary in a highly competitive market where larger firms benefit from an unfair advantage.