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SEC Flags Concerns Over Crypto ETFs With Staking Reward
The Straits Times
|June 02, 2025
US Regulators Say the Two Funds May Fail to Meet Legal Definition for Listing on Bourse
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WASHINGTON — A potentially watershed effort to launch US crypto exchange-traded funds (ETFs) that offer staking rewards is throwing up regulatory doubts, even after the funds said they had received initial US Securities and Exchange Commission (SEC) registration approval.
Issuers REX Financial and Osprey Funds are targeting to launch ETFs tracking Ethereum and Solana that offer staking exposure, which allows investors to earn rewards by pledging tokens to help operate the blockchain.
US regulators are now raising concerns that the vehicles may not legally qualify as ETFs at all under federal securities laws.
In a letter late on May 30 sent to ETF Opportunities Trust — the legal entity that issues various ETFs, including those managed by firms like REX, SEC staff said the two ETFs may fail to meet the legal definition of an investment company, a designation needed for the funds to list on the stock market.
Denne historien er fra June 02, 2025-utgaven av The Straits Times.
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FLERE HISTORIER FRA The Straits Times
The Straits Times
Abuse Young children in dysfunctional families face high risks
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1 mins
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The Straits Times
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2 mins
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The Straits Times
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5 mins
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The Straits Times
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6 mins
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The Straits Times
Rape Father sentenced to 24 years’ jail
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1 min
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The Straits Times
Art appreciation Louvre museum heist a wake-up call
I've seen photos of the Louvre in textbooks and read about the Mona Lisa and the endless halls lined with art.
1 min
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The Straits Times
S’pore eyes renewable fuel, nuclear tie-ups in drive for diverse energy mix: Tan See Leng
Singapore must be ready to support all promising pathways, from established technologies to novel options, in its bid to transition its fossil fuel-based energy sector to one that is clean yet affordable, said Minister-in-charge of Energy and Science and Technology Tan See Leng on Oct 27.
4 mins
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The Straits Times
Japan's new leader faces an early test: Winning over Trump
Ms Sanae Takaichi, who last week became the first woman to lead Japan as prime minister, has never met US President Donald Trump.
3 mins
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