The SEC sent a letter seemingly looking to stop those staked ETH and SOL ETFs. Will be an interesting saga to watch in coming days and weeks. Great reporting from @isabelletanlee and team below:

https://www.bloomberg.com/news/articles/2025-05-31/us-regulators-say-two-crypto-vehicles-may-not-qualify-as-etfs?sref=j5fwnYfu