SEC Challenges Legal Standing of Crypto Staking ETFs

TL;DR The U. S. SEC has raised concerns about the legal structure of new ETFs from REX Financial and Osprey Funds that include staking rewards. These funds focus on Ethereum and Solana, but the regulator doubts whether they meet the legal definition of an ETF. Although their initial registration was approved, the launch is now on. . . source: https://crypto-economy.com/sec-challenges-legal-standing-of-crypto-staking-etfs/