- The ETF issuer calls for the SEC to restore the “first-file” rules for fair application review.
- PolyMarket data has been revealed in 2025 optimism for XRP and other Crypto ETF approval.
ETF providers VANECK, 21Shares, and Canary Capital have officially urged the US Securities and Exchange Commission (Sec) to return to the “first-file” framework for ETF application review.
Solutions for ETF Giants and pending ETFs
The company claims that the standard, which is a standard before the Crypto ETF enters the site, starts from a long approval process and interferes with market competitiveness. They also believe that it strengthens innovation in the financial sector.
The letter of these publishers mentioned.
“It fundamentally weakens the committee’s mission that reduces investors’ choices, compromises market efficiency, protects investors, maintains fair, orderly, efficient markets, and promotes capital formation.”
Therefore, as the SEC reviews the list of ETF applications related to assets such as Solana (SOL), Ripple (XRP), and Dogecoin (Doge), the industry plays concerns about the fairness of the approval process.
How is this help?
These concerns come from the agency’s decision to approve multiple Spot Bitcoin (BTC) ETFs at the same time, regardless of the time when each application is submitted.
Needless to say, this approach creates obstacles to emerging publishers who want to weaken incentives for early innovation and compete in merit.
The request for return to this traditional framework is strengthened in particular, especially in the expectation that the regulatory environment can evolve due to the Trump administration.
Polymarket data for Altcoin ETF
However, despite the delayed regulatory delays, market sentiment was overwhelmingly optimistic, reflected in the same way by polymarket data.
In fact, according to the latest figures, the probability of approval of Ripple ETF has soared to 89%in 2025.
Source: Poly Market
That’s not everything. The approval of other ALTCOIN ETFs is 76%for Solana, 52%for Dogecoin, 42%for Cardano (ADA), and 70%for Litecoin (LTC).
This feelings of the strongest investigators believe that the SEC will eventually approve the XRP ETF by the end of the year and others will approve others. This simply strengthens the extensive expectations for institutional approaches to various digital assets.