Citing CoinPaper, CoinShares has withdrawn its Solana staking ETF application in the US, ending a months-long process. The firm submitted a formal request to withdraw its S-1 filing, stepping back from the product despite rising interest in Solana-based funds. CoinShares still maintains a Solana staking ETP on the Frankfurt exchange and manages over $10 billion in assets. The decision may reflect a strategic realignment amid evolving market and regulatory conditions.
CoinShares Withdraws Solana Staking ETF Application Amid Market Volatility
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