The Securities and Exchange Commission (SEC) is taking steps to streamline its processes and enhance capital formation. Acting SEC Chair Mark Uyeda has announced plans to prioritize the review of 40-something pending applications for mutual fund ETFs, including one filed by Dimensional Fund Advisors, which could have significant implications for the finance and investing sectors. The SEC has also expanded its nonpublic review process for draft registration statements, allowing companies to submit these documents for review at any time, not just within 12 months following an initial public offering. This change is intended to reduce the risk of prolonged exposure to market fluctuations during the offering process. In addition, the SEC has eased investor verification requirements under Rule 506(c) of Regulation D, which could facilitate private capital fundraising by startups and venture capital firms. This move is seen as a way to boost private equity investments by allowing more ordinary investors to participate. Meanwhile, VistaShares has filed for an Animal Spirits ETF (ANIM) and a 2x Animal Spirits ETF (WILD), which will hold the five fastest-growing 2x single stock ETFs.