SEC Delays Ethereum & Solana Staking ETFs: Rex Shares Face Regulatory Hurdle

The U.S. Securities and Exchange Commission (SEC) has put the future of REX Shares’ crypto staking ETFs, focusing on Ethereum and Solana, in jeopardy. In a move that raises significant questions about the validity of these funds, the SEC initiated an inquiry into REX’s ETF proposals. This scrutiny stems from concerns regarding whether these funds meet the legal definition of investment companies under securities law.