CoinShares Pulls Plug on Staked Solana ETF Application

[etfs]

CoinShares has withdrawn its SEC application for a staked Solana ETF after the underlying structuring deal fell apart. The firm confirmed that the planned transaction “was ultimately not effectuated,” meaning no shares were or will be issued. The withdrawal comes months after rival issuers REX-Osprey and Bitwise successfully launched their own staked SOL products in the U.S.

[Nahid Hossen]

CoinShares withdrawing the staked SOL ETF plan is disappointing for the ecosystem.