Well now, gather ’round, folks! It seems our dear friends in the world of crypto have found themselves in a bit of a pickle. The grand scheme to launch shiny new ETFs tied to Solana and Ethereum has hit a bump in the road, courtesy of the ever-watchful U.S. Securities and Exchange Commission, or as I like to call them, the SECâthose folks who seem to have a knack for raining on parades. âïž
Just last Friday, the SEC decided to send a little love letter to RexShares, the fine folks behind these ETFs, declaring that their precious creations donât quite fit the legal definition of an âinvestment company.â Now, isnât that a kick in the pants? Youâd think theyâd have checked that before sending out the invitations to the party! đ
But wait, thereâs more! The SEC also had the audacity to suggest that the registration forms might have been âimproperly filed.â I mean, who among us hasnât accidentally sent a letter to the wrong address? And as if that wasnât enough, they went on to say that some of the information shared could be âpotentially misleading.â Well, bless their hearts! It seems theyâre worried that investors might get a little confused. Can you imagine? Investors confused by paperwork? Shocking! đ
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2025-05-31 20:21