PANews June 7 news, according to Cointelegraph, ETF issuers VanEck, 21Shares, and Canary Capital have written to the U.S. SEC, urging the restoration of the 'first-come' principle, to approve ETF applications in the order they were submitted to the regulatory agency. These companies argue that the SEC has failed to adhere to the 'first-come principle' (the default application approval process before the listing of crypto ETFs), thereby undermining healthy competition and hindering financial innovation.