- ETF-Emennants urge the SEC to restore the “first-to-file” rule for fair applications assessments
- Polymarket -Data revealed increasing optimism for XRP and other crypto ETF inspections in 2025
ETF providers Vaneck, 21Shares and Canary Capital have formally urged the US Securities and Exchange Commission (SEC) to return to the “first-to-file” framework for ETF applications reviews.
ETF giants and their solution for pending ETFs
The companies claim that deviating from this long -term approval process, once as standard before crypto ETFs enter the stage, disrupts the competitiveness of the market. They also believe that innovation in the financial sector is suppressed.
A letter from these issues noted”
“It reduces the choice of investors, compromises market efficiency and fundamentally undermines the committee’s mission to protect investors, to maintain fair, orderly and efficient markets and facilitate capital formation.”
So, while the SEC assesses a growing list of ETF applications, linked to assets such as Solana [SOL]Wrinkle [XRP]and dogecoin [DOGE]Industry branchers express their concern about fairness in the approval process.
How will this help?
These concerns arise from the desk’s decision to approve several spot Bitcoin at the same time [BTC] ETFs, regardless of when each application was submitted.
Needless to say, this approach weakens the stimuli for early innovation and creates obstacles for emerging emennials who hope to compete for merit.
The calls for a return to this traditional framework are becoming intensifying, especially in the midst of expectations that the regulatory environment can evolve under the influence of the Trump government.
Polymarket -data on Altcoin ETFs
Despite the delays of the regulations, the market sentiment is overwhelmingly optimistic, with the same reflected by the data from Polymarket.
In fact according to the Latest figuresApproval Opportunities for a Ripple ETF have risen to 89% for 2025 – a sign of growing investor confidence.
Source: Polymarket
That’s not all. Approval opportunities for other Altcoin ETFs remain cheerful – 76% for Solana, 52% for Dogecoin, 42% for Cardano [ADA]and 70% for Litecoin [LTC].
This bullish sentiment suggests that many investors believe that the SEC will eventually first approve an XRP ETF at the end of the year, followed by others. This simply strengthens wider expectations of larger institutional access to a diverse range of digital assets.