<ul><li>The U.S. SEC has delayed approval for crypto ETF proposals related to Ethereum and Solana from REX Shares and Osprey Funds, due to concerns over compliance and legal definitions.</li><li>The SEC questions if these funds qualify as investment companies, as per U.S. laws, raising issues about their structure and registration process.</li><li>Complex fund structures involving offshore entities like Cayman-based subsidiaries have further complicated the SEC's regulatory evaluation.</li><li>Despite offering exposure to staking rewards, the SEC remains cautious about the approval of these ETFs, highlighting the challenges for crypto products with innovative features.</li></ul>

SEC Puts Ethereum and Solana ETF Plans on Hold Over Compliance Worries

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