⚓⚡According to Bloomberg, the U.S. Securities and Exchange Commission (#SEC ) expressed concerns about the exchange-traded funds
🔵⚡ backed by Ethereum and Solana launched by REX Shares and Osprey Funds, believing they may not meet the definitions of investment companies and exchange-traded funds under securities law
🔴⚡ the Federal Reserve. The Securities and Exchange Commission indicated that these products may contain incorrect registration data
🟢⚡ and misleading disclosures, and sent a formal letter to ETF Opportunities Trust. REX stated that it would not launch the product until the related legal issues are resolved
.
