๐จ #SEC Pushes Back on Solana & ETH Staking #ETFs โ What It Means for Crypto Investors๐จ
The U.S. SEC is raising red flags over the proposed staked ETFs for Solana ($SOL ) and Ethereum ($ETH ) by REX Financial and Osprey Funds.
๐ The Issue???
These funds are structured as C-corporations โ a model rarely used for ETFs and one that may conflict with the SECโs 6C-11 ETF rule.
The SEC is questioning whether this setup qualifies as a legitimate โinvestment companyโ under current laws.
๐ In a letter dated May 30, the SEC suggested that certain disclosures in the registration filings could be misleading.
๐ฌ Bloomberg analyst Eric Balchunas says legal teams are still hopeful, and issuers are pushing hard to get to market first.
๐๏ธ Most experts say these delays are normal. Final decisions are expected closer to October, so donโt expect early approvals.
๐ Why This Matters:
Approval of altcoin and staking ETFs could bring massive traditional liquidity into the crypto market โ a potential game-changer for Solana, ETH, and beyond.
๐ Stay tuned โ this regulatory tug-of-war could define the next big narrative in crypto investing.
