Loading...
According to Bloomberg, the US SEC has questioned the Ethereum and Solana collateralized ETFs launched by REX Shares and Osprey Funds, stating that they may not meet the definition of investment firms and ETFs under the Federal Securities Act. The US SEC stated that these funds may have "improperly submitted registration statements" and that "the disclosure in the registration statements regarding the identity of these funds as investment companies may be misleading". Greg Collett, General Counsel of REX Financial, said, "We believe we can make the U.S. Securities and Exchange Commission satisfied with the investment company's issues, and we do not intend to launch the fund until we do so