In today’s crypto news, significant developments include concerns raised by the SEC regarding REX-Osprey staking ETFs, the IMF's apprehension about Pakistan’s Bitcoin mining plans, and BlackRock's major outflow from its Bitcoin ETF. The SEC expressed doubts that REX-Osprey's ETF applications meet legal definitions due to their corporate structure, prompting a call for clarity on their registration. The letter from the SEC noted potential misleading information about the funds' investment status. Meanwhile, the IMF questioned Pakistan's allocation of 2,000 megawatts for Bitcoin mining amid broader energy shortages in the country, emphasizing the need for detailed clarification about the legality of this initiative. Lastly, BlackRock reported a record outflow of $430.8 million from its spot Bitcoin ETF, ending a 31-day inflow streak, raising significant concerns among ETF analysts about this shift in investment.

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