- ETF issuers have urged the SEC restore “first-to-file” Rule for Fair Application Reviews
- Polymarket data shows a rising level of optimism in regards to XRP ETFs, and others.
VanEck 21Shares and Canary Capital, ETF providers, have formally urged U.S. Securities and Exchange Commission to revert back to the “first-to-file” Framework for ETF Application Reviews
ETF giants’ solution for pending ETFs
They claim that a departure from the longstanding approval procedure, which was standard even before crypto ETFs were introduced, would disrupt market competition. It also stifles financial innovation, according to the firms.
The following issuers sent a letter to their customers noted,
“It diminishes investor choice, compromises market efficiency, and fundamentally undermines the commission’s mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.”
The SEC is reviewing a list of growing ETFs that are tied to various assets. Solana [SOL], Ripple [XRP]Then, Dogecoin [DOGE]Industry players have raised concerns about the fairness of the approval process.
What will it help with?
This is due to the fact that multiple applications for Spots were approved simultaneously by the Agency. Bitcoin [BTC] No matter when the application is made, ETFs will be issued.
It is obvious that this approach undermines early-stage innovation, and it creates obstacles for issuers who want to compete based on merit.
Calls for the return of this framework have intensified, particularly amid the expectation that regulatory environments may change under the influence the Trump administration.
The Polymarket Data on ETFs for altcoin
Polymarket data confirms that despite delays in regulatory approval, the market has maintained a positive outlook.
According to the latest figures, approval odds for a Ripple ETF have surged to 89% for 2025 – A sign of growing investor confidence.
Source: PolyMarket
Not only that. Approval chances for other altcoin ETFs remain upbeat – 76% for Solana, 52% for Dogecoin, 42% for Cardano [ADA]You can get 70% off for Litecoin [LTC].
The bullish mood among investors is a sign of optimism believe By the year-end, SEC officials will approve an ETF for XRP. It is a simple way to reinforce expectations for greater access by institutions to digital assets.
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Source: ambcrypto.com
