A coalition of crypto asset managers and trading firms is pressing the U.S. Securities and Exchange Commission to overhaul how it processes exchange-traded fund applications, seeking shorter review timelines and the right to submit draft filings away from public view.

The requests, lodged as formal comment letters under rulemaking docket S7-2026-24, target the procedural machinery that determines whether a new generation of digital-asset funds ever reaches investors. The dual ask was first surfaced in reporting from The Block, which detailed the industry’s push to reshape the SEC’s gatekeeping role over novel ETF products.

Neither change would greenlight any specific fund. Instead, the industry is asking the regulator to alter the…