CoinShares ends bid to launch XRP, Solana, and Litecoin ETFs in the US
CoinShares withdrew its SEC filings for proposed XRP, Solana, and Litecoin ETFs in the US.Summary
CoinShares, Europe's leading digital asset investment firm, has withdrawn its registration filings with the SEC for three planned crypto exchange-traded products: the CoinShares XRP ETF, CoinShares Solana staking ETF, and CoinShares Litecoin ETF. This decision concludes the firm's attempt to launch these products in the US market. The withdrawal follows CoinShares' September announcement regarding a $1.2 billion merger with Vine Hill Capital Investment, which is intended to facilitate the company's public listing on Nasdaq. While CoinShares manages approximately $10 billion in assets, the specific reasons for scrapping the US ETF plans remain unclear, despite the recent successful launch of several spot XRP and Solana funds by other issuers in the US.
(Source：Crypto Briefing)