Asset supervisor RexShares’ transfer to turn out to be the primary to launch a staked Solana and Ethereum fund within the US has hit a roadblock. The US Securities and Alternate Fee (SEC) despatched a letter explaining why these funds might not qualify as ETFs. SEC Replies To RexShares On Staked Solana & Ethereum Funds In line with a Bloomberg report, the SEC despatched a letter to ETF Alternatives Belief, the entity that points a number of ETFs, together with those Rex Shares manages, stating that the staked Solana and Ethereum funds might fail to satisfy the authorized definition of an funding firm, which is a requirement for them to listing on the inventory market. The Fee stated that it was involved that RexShares improperly filed the registration statements for these funds and that the disclosures in these statements describing them as funding corporations could also be “probably deceptive.” As CoinGape reported, the asset supervisor had chosen… Read More at Coingape.com
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