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SEC Reportedly Has Qualms About Two Firms’ Crypto ETF Plans

  • U.S. regulators are scrutinizing plans by REX Financial and Osprey Funds to launch cryptocurrency ETFs offering staking exposure.
  • SEC has raised concerns that the funds may not qualify as ETFs under securities laws, questioning their status as investment companies.
  • REX claims to address SEC's concerns before launching the funds, saying they believe in the success of allowing staking in a U.S. ETF eventually.
  • SEC approved bitcoin ETFs last year but remains cautious about crypto-related products, reflecting a shift in attitude under President Trump's administration.

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