VanEck and other ETF issuers have sent a letter urging the U.S. SEC to approve applications in the order they were submitted

ChainCatcher news, according to Cointelegraph, ETF issuers VanEck, 21Shares, and Canary Capital have sent a letter to the U.S. SEC urging the restoration of the "first-come, first-served" principle, to approve ETF applications in the order they are submitted to the regulatory agency. These companies argue that the SEC has failed to adhere to the "first-come, first-served principle" (i.e., the default application approval process before the listing of crypto ETFs), thereby undermining healthy competition and hindering financial innovation.