SEC Challenges RexShares’ Solana and Ethereum ETF Registration, Sparks Uncertainty in Staking ETFs

The Securities and Exchange Commission (SEC) has raised concerns over RexShares’ proposed Solana and Ethereum staking exchange-traded funds (ETFs), questioning their eligibility as investment companies. The SEC believes the current registration filings for these funds may be misleading, raising questions about their classification under federal law. This challenge poses a hurdle for RexShares’ entry into the U.S. market.