The SEC has expressed concerns regarding REX Shares and Osprey Funds' proposal to launch staking exchange-traded funds (ETFs) for Ethereum and Solana. The agency highlighted unresolved legal qualifications for the ETFs and requested a delay in their registration statement until these issues are addressed.

BlackRock representatives met with SEC staff to discuss the facilitation of exchange-traded products (ETPs) with staking capabilities and the approval standards for crypto ETFs. The SEC has recently shifted its regulatory approach, fostering discussions with various stakeholders, including BlackRock, to establish a supportive framework for digital assets.

The SEC has postponed its decisions regarding the listing and trading of crypto ETFs for XRP and Dogecoin, now set for June 15 and June 17, respectively. This delay comes amidst a trend of more favorable regulatory conditions for crypto assets under the SEC's new leadership.

The U.S. SEC has postponed its decisions on proposals for Polkadot and Hedera ETFs, extending the deadline to June 11. Additionally, a decision on the Bitwise Bitcoin and Ethereum ETF has been delayed until June 10 as the agency reviews numerous crypto fund filings.

The SEC has requested updated S-1 filings from issuers of spot Solana ETFs, indicating potential approval within the next two to four months, according to Bloomberg analyst Eric Balchunas. Following news of this timeline, Solana's price increased, and stocks of companies associated with Solana also saw significant gains.