PANews June 1 report, according to Bloomberg, the U.S. SEC has expressed doubts about the Ethereum and Solana staking ETFs launched by REX Shares and Osprey Funds, believing that they may not comply with the definitions of investment companies and ETFs under federal securities law. The U.S. SEC stated that these funds may have 'incorrectly submitted registration statements' and that 'the disclosures in the registration statements regarding the identity of these funds as investment companies may be misleading.' REX Financial's General Counsel Greg Collett stated, 'We believe we can satisfy the SEC's concerns regarding investment companies, and we do not intend to launch the funds until we do so.'
