As per Coinrise, asset manager CoinShares has withdrawn its application with the U.S. Securities and Exchange Commission for a staked Solana ETF. The firm stated that the underlying transaction for the fund was never completed, and no shares tied to the proposal were or will be sold. The decision comes as interest in staked Solana products continues to grow, with REX-Osprey and Bitwise having already launched successful offerings. Bitwise’s staked SOL product attracted nearly $223 million in assets on its first trading day. Despite strong inflows into staked Solana ETFs, the token’s price has declined, reaching a five-month low of around $120 in November.
CoinShares Withdraws Staked Solana ETF Application with SEC
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