According to reports, the U.S. Securities and Exchange Commission (SEC) has expressed concerns about the Ethereum and Solana staking ETFs launched by REX Shares and Osprey Funds. The SEC believes these products may not comply with the definition of investment companies and ETFs under federal securities laws.
The SEC pointed out that these products may have issues with improper registration statements and misleading disclosures, and has sent a formal letter to ETF Opportunities Trust. REX stated that it will not launch the product until the related legal issues are resolved.
