Qare Sohail Ahmad
1 Following
2 Followers
3 Liked
0 Shared
Posts
#SEC #sol
SEC Raises Concerns Over Solana and Ether Staked ETFs
AI Summary
According to Cointelegraph, the United States Securities and Exchange Commission (SEC) has expressed concerns regarding the registration amendment for Solana (SOL) and Ether (ETH) staked exchange-traded funds (ETFs) proposed by REX Financial and Osprey Funds. The SEC's apprehension stems from the unique c-corp business structure employed by these funds, which is rarely used for ETFs and conflicts with the 6C-11 rule, commonly referred to as "the ETF rule." This regulation outlines the acceptable corporate structures for exchange-traded funds. In a letter dated May 30, the SEC stated that it has ongoing questions about whether the proposed structure and operation of these funds would meet the definition of an 'investment company' under the Investment Company Act. The letter also highlighted that the disclosures in the registration statement regarding the funds' status as investment companies might be misleading.
Despite this setback, there is optimism among analysts that an agreement will be reached between the ETF issuers and the SEC. Bloomberg ETF analyst Eric Balchunas noted in a May 31 post that REX's legal team is confident in resolving the issues. He also mentioned that issuers are eager to be the first to market, pushing the boundaries to achieve this goal. The approval of altcoin and staking ETFs in the United States is being closely watched by crypto investors and traders, as these investment vehicles are anticipated to introduce new liquidity from traditional financial markets into the cryptocurrency sector.
The SEC's decision on staked and altcoin ETFs remains delayed, despite recent guidance indicating that crypto staking does not violate securities laws and is not considered a securities transaction. Bloomberg ETF analyst James Seyffart commented that such delays are expected and typical, noting that most of these filings have final due dates in October. Seyffart emphasized that it is uncommon for ETF applications to receive approval at such an early stage. $ETH $SOL $ETH
SEC Raises Concerns Over Solana and Ether Staked ETFs
AI Summary
According to Cointelegraph, the United States Securities and Exchange Commission (SEC) has expressed concerns regarding the registration amendment for Solana (SOL) and Ether (ETH) staked exchange-traded funds (ETFs) proposed by REX Financial and Osprey Funds. The SEC's apprehension stems from the unique c-corp business structure employed by these funds, which is rarely used for ETFs and conflicts with the 6C-11 rule, commonly referred to as "the ETF rule." This regulation outlines the acceptable corporate structures for exchange-traded funds. In a letter dated May 30, the SEC stated that it has ongoing questions about whether the proposed structure and operation of these funds would meet the definition of an 'investment company' under the Investment Company Act. The letter also highlighted that the disclosures in the registration statement regarding the funds' status as investment companies might be misleading.
Despite this setback, there is optimism among analysts that an agreement will be reached between the ETF issuers and the SEC. Bloomberg ETF analyst Eric Balchunas noted in a May 31 post that REX's legal team is confident in resolving the issues. He also mentioned that issuers are eager to be the first to market, pushing the boundaries to achieve this goal. The approval of altcoin and staking ETFs in the United States is being closely watched by crypto investors and traders, as these investment vehicles are anticipated to introduce new liquidity from traditional financial markets into the cryptocurrency sector.
The SEC's decision on staked and altcoin ETFs remains delayed, despite recent guidance indicating that crypto staking does not violate securities laws and is not considered a securities transaction. Bloomberg ETF analyst James Seyffart commented that such delays are expected and typical, noting that most of these filings have final due dates in October. Seyffart emphasized that it is uncommon for ETF applications to receive approval at such an early stage. $ETH $SOL $ETH
#OrderTypes101 The Future Power of Crypto
Crypto isn’t just a trend—it’s the blueprint of a decentralized future. As trust in traditional systems fades, blockchain offers a transparent, borderless alternative. In the years ahead, crypto can revolutionize finance by removing intermediaries, lowering fees, and empowering the unbanked. It could reshape identity, ownership, and even governance through smart contracts and tokenized assets. With Web3 on the rise, crypto is poised to fuel digital economies where users truly own their data and value. Its future lies not just in price charts, but in purpose—creating a system where freedom, access, and innovation aren’t privileges, but defaults. The future is coded.
#TradingTypes101 $BTC $XRP
Crypto isn’t just a trend—it’s the blueprint of a decentralized future. As trust in traditional systems fades, blockchain offers a transparent, borderless alternative. In the years ahead, crypto can revolutionize finance by removing intermediaries, lowering fees, and empowering the unbanked. It could reshape identity, ownership, and even governance through smart contracts and tokenized assets. With Web3 on the rise, crypto is poised to fuel digital economies where users truly own their data and value. Its future lies not just in price charts, but in purpose—creating a system where freedom, access, and innovation aren’t privileges, but defaults. The future is coded.
#TradingTypes101 $BTC $XRP
Bitcoin redefines ownership—it's money without masters, value without borders.
In a world ruled by central banks, it stands as a silent rebellion coded in blocks and chains.
#TradingTypes101 $BTC $BNB
In a world ruled by central banks, it stands as a silent rebellion coded in blocks and chains.
#TradingTypes101 $BTC $BNB
My Assets Distribution
USDT
LUNA
98.72%
1.28%
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Trending Topics
CEXvsDEX101
8.6M views
30,975 Discussing
For the second topic of our Crypto Trading Fundamentals Deep Dive, let’s talk #CEXvsDEX101 .
Choosing between Centralized and Decentralized Exchanges is a key decision for any crypto trader. Each comes with trade-offs in terms of security, user experience, liquidity, and control. Knowing when to use which is an essential part of risk-aware trading.
💬 Your post can include:
· In your experience, what are the pros and cons of CEXs vs DEXs?
· Which do you prefer and in what situations?
· What do you consider when choosing between a CEX and DEX?
· What advice would you give to someone using a DEX for the first time?
👉 Create a post with #CEXvsDEX101 and share your insights to earn Binance points! (Press the “+” on the App homepage and click on Task Center)
🔗 Full campaign details here.
Binance Square Official
222 Likes
65.4k views
TradingTypes101
11.5M views
43,521 Discussing
SaylorBTCPurchase
70M views
95,752 Discussing
