SEC don delay approval for SOL and ETH Staking ETF, dem talk say na because of structure and compliance palava
The US Securities and Exchange Commission (SEC) don postpone decisions on staking exchange-traded funds (ETFs) for Ethereum (ETH) and Solana (SOL). Dem say na because of compliance and structural wahala. REX Financial and Osprey Funds propose these ETFs to give investors chance to collect staking rewards from these proof-of-stake blockchains. The gbege wey regulatory body get na how the funds dey use some rare c-corp and offshore structures, which fit clash with Rule 6C-11 wey dey control ETF company types. The SEC don specifically warn say disclosures about investment company status fit dey misleading, so legal classification questions still hang. Even though the ETF filings officially start to work by May 30, none don launch, and both companies don pause further steps as dem dey wait for clear instructions from regulatory body. Wetin dey surprising na say SEC still dey careful even after dem give recent guidance say crypto staking no dey break securities law. Analysts like Bloomberg's Eric Balchunas and James Seyffart dey report say the companies wey propose am dey actively work to settle regulatory feedback, but dem dey expect say SEC final decision no fit come until October. If dem approve am, e fit bring new money enter crypto markets as e go attract traditional finance investors; but, the continuous regulatory delays dey cause wahala for traders wey dey monitor wetin fit happen with retail and institutional adoption of staking-linked ETFs.
Neutral
SEC wey dey delay and dey check Ethereum and Solana staking ETFs too much don make am hard for dem to carry go for short-term. Even if ETF go dey approved for future and plenty money go enter from big big investors, as dem no clear about am now, na hin make everybody dey calm. Until SEC don give final decision, maybe after October, traders suppose expect say market go slow with plenty shakiness. Before before, if SEC dey delay like this, di crypto dem no dey move too much, until dem don finally approve or reject am.