memorable
@memorable
The SEC sent a letter to REX Shares Osprey Funds, stating their proposed ETH and Solana ETFs might not meet the "investment company" definition and legal requirements. The registration statements for their C corporation funds were effective despite unresolved issues, prompting the SEC to request a delay. Both companies will adjust before launching. TheETH spot ETF is already trading, but the Solana spot ETF hasn't been approved yet. Both funds face regulatory hurdles.
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