SEC Questions REX-Osprey's Staked SOL and ETH ETFs

SEC Questions REX-Osprey's Staked SOL and ETH ETFs

The U.S. Securities and Exchange Commission (SEC) has expressed reservations regarding the proposed staked Solana (SOL) and Ethereum (ETH) exchange-traded funds (ETFs) from REX Financial and Osprey Funds, questioning whether the investment vehicles qualify as ETFs under current regulations. Central to the SEC’s concerns is the use of a C-corporation structure, an uncommon choice for ETFs. This structure potentially conflicts with Rule 6c-11 o...

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