VanEck Urges SEC to Approve Ethereum ETF Applications on First-In, First-Out Basis Ahead of BlackRock

VanEck alongside several prominent financial institutions has formally requested the U.S. Securities and Exchange Commission (SEC) to process Ethereum ETF applications on a strict “first-in, first-out” protocol. This approach emphasizes a sequential review system, ensuring fairness and transparency in the approval process. The institutions explicitly opposed the idea of simultaneous batch approvals, particularly those involving BlackRock, signaling a preference for an orderly and equitable regulatory framework. This development highlights the growing institutional interest in Ethereum-based investment vehicles and underscores the importance of regulatory clarity in the evolving crypto asset landscape. Market participants are closely monitoring the SEC’s response, as the decision will significantly impact the accessibility and legitimacy of Ethereum ETFs within mainstream financial markets.