🚨 #SEC Pushes Back on Solana & ETH Staking #ETFs – What It Means for Crypto Investors🚨
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.
🔍 The Issue???
These funds are structured as C-corporations — a model rarely used for ETFs and one that may conflict with the SEC’s 6C-11 ETF rule.
The SEC is questioning whether this setup qualifies as a legitimate “investment company” under current laws.
📄 In a letter dated May 30, the SEC suggested that certain disclosures in the registration filings could be misleading.
💬 Bloomberg analyst Eric Balchunas says legal teams are still hopeful, and issuers are pushing hard to get to market first.
🗓️ Most experts say these delays are normal. Final decisions are expected closer to October, so don’t expect early approvals.
📈 Why This Matters:
Approval of altcoin and staking ETFs could bring massive traditional liquidity into the crypto market — a potential game-changer for Solana, ETH, and beyond.
👀 Stay tuned — this regulatory tug-of-war could define the next big narrative in crypto investing.
