The US Securities and Exchange Commission (SEC) has raised regulatory doubts over a proposed crypto exchange-traded fund (ETF) offering staking rewards. ReX Financial and Osprey Funds, who are launching two new ETFs tracking Ethereum and Solana, had initially received SEC registration approval. However, the SEC’s concerns suggest that these funds may not be in compliance with existing regulations.
The proposed ETFs will allow investors to earn rewards by pledging tokens to help operate the blockchain, which is known as staking exposure. This could potentially open up a new avenue for US investors to participate in the growing crypto market. Nevertheless, regulatory clarity remains elusive, and it’s unclear what specific issues are causing the SEC’s concerns.
Source: https://www.bloomberg.com/news/articles/2025-05-31/us-regulators-say-two-crypto-vehicles-may-not-qualify-as-etfs