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VanEck, 21Shares urge SEC to restore crypto ETPs 'first-to-file' rule

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Summary
Nutrition label

84% Informative

VanEck , 21Shares , and Canary Capital urge SEC to restore crypto ETPs ' first -to-file' rule.

The companies say the change has disrupted fairness, stifled innovation, and benefited large incumbents.

The letter cites examples, such as the ProShares Bitcoin Futures ETF , which was granted a three-day head start in 2021 and captured nearly 90% of the market share.

VR Score

87

Informative language

89

Neutral language

45

Article tone

formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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