CoinShares withdraws its SEC filing for staked Solana ETF
CoinShares withdrew its SEC application for a staked Solana ETF because the structuring deal for the proposed fund was never completed.Summary
Asset manager CoinShares officially withdrew its Securities and Exchange Commission (SEC) application for a staked Solana exchange-traded fund (ETF) on Friday, as the required structuring deal and asset purchase for the fund were never finalized. The SEC filing confirmed that no shares were sold under the registration statement. This withdrawal comes despite the successful launch of other Solana ETFs, such as those from REX-Osprey and Bitwise, which attracted significant capital flows, exceeding $369 million in November alone, as investors sought yield-bearing opportunities advertising 5%-7% staking rewards. However, despite the strong inflows into SOL ETFs, the price of Solana (SOL) has remained depressed, falling to a five-month low of about $120 in November, well below its September high of over $250 and its January 2025 peak of nearly $295.
(Source：Cointelegraph)