The U.S. Securities and Exchange Commission (SEC) has flagged REX-Osprey’s application for a SOL/ETH staking ETF as potentially misleading, causing expected delays in its launch. REX counsel remains confident in addressing the SEC’s concerns regarding the funds’ ‘investment company’ status and disclosures. The SEC’s action follows REX-Osprey’s submission of an effective prospectus on May 30th, utilizing a structure governed by the Investment Company Act of 1940 for a faster market entry compared to the standard Securities Exchange Act of 1934 process. analyst James Seyffart predicted a quick launch within weeks, though SEC concerns have cast doubt on this timeline.