The SEC’s Dilemma: Innovation or Help the Big Boys? You Decide!

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  • ETF issuers are pleading with the SEC to restore the “first-to-file” rule for fair application reviews. Sounds like a fairytale, doesn’t it?
  • Polymarket data reveals an explosion of optimism for XRP and other crypto ETF approvals in 2025. Who knew crypto could make people so happy?

ETF titans VanEck, 21Shares, and Canary Capital have sent a formal note to the U.S. Securities and Exchange Commission (SEC), suggesting the regulatory body bring back the “first-to-file” rule for ETF application reviews. Yes, it’s time to return to the golden days before crypto ETFs came along and rocked the boat.

Big ETF Guys and Their Genius Solution to Pending ETFs

The bigwigs argue that the SEC’s departure from this long-standing approval process—back when crypto ETFs were but a twinkle in some cheeky investor’s eye—has caused chaos in market competitiveness. Innovation? Oh, it’s on life support, they say.

A letter from these issuers, with all the seriousness they could muster, reads:

“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.”

So, as the SEC works its way through an ever-growing list of ETF applications linked to assets like Solana (SOL), Ripple (XRP), and Dogecoin (DOGE), industry insiders are raising a very polite fuss about the fairness of the whole process. Who knew the SEC had such power?

What’s the Fix? Oh, It’s Just a Minor Adjustment, Really

These concerns spring from the SEC’s decision to approve multiple Spot Bitcoin ETFs all at once, regardless of when the applications were submitted. It’s as if they’re just throwing caution to the wind, hoping for the best.

Needless to say, this leaves little room for early innovation and turns emerging issuers into the underdogs of the ETF world, hoping to squeeze past the giants in the race.

The call for a return to the good old days, where first to file actually meant something, is growing louder. Especially with the sense that regulatory shifts could be coming, possibly under the watchful eye of the Trump administration. Oh, what fun.

Polymarket’s Views on Altcoin ETFs—Spoiler Alert: People Are Optimistic

But hold onto your hats! Despite all the regulatory delays and red tape, market sentiment is as sunny as ever, with Polymarket data showing soaring optimism.

In fact, the latest figures reveal a stunning 89% chance that Ripple will get its ETF approval by 2025. That’s right—people actually believe this is going to happen!

And there’s more: approval chances for other altcoin ETFs are looking strong too—76% for Solana, 52% for Dogecoin, 42% for Cardano (ADA), and 70% for Litecoin (LTC). Clearly, everyone’s betting on the SEC to approve XRP first, with others following suit. Who needs a crystal ball when you’ve got Polymarket?

This optimistic outlook only adds fuel to the fire, reinforcing expectations that greater institutional access to a diverse range of digital assets is right around the corner. A future where ETFs for every altcoin could be as common as morning coffee. ☕

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2025-06-07 13:17