SEC Raises Concerns Over Ethereum and Solana Staking ETFs

The U.S. Securities and Exchange Commission (SEC) has cast doubt on the approval of exchange-traded funds (ETFs) based on ETH and SOL staking, sending shockwaves through the crypto industry. The SEC’s concerns stem from the potential structure and transparency issues with products from REX Financial and Osprey Funds. This uncertainty could significantly delay or even derail the adoption of staking in traditional finance markets.