$SOL CoinShares Withdraws SEC Filing For Staked Solana ETF

Asset manager CoinShares officially withdrew its application with the SEC for a staked Solana ETF on Friday.

🔸 According to the filing, the reason cited was that the structuring deal and asset purchase for the proposed fund were never effectuated, and no shares were sold.

🔸 Although competitor Solana ETFs like Bitwise continue to attract strong inflows $369 million in November, SOL price remains in a downtrend, hitting a 5 month low around $120

Is a major player like CoinShares pulling out a warning sign about regulatory or structural hurdles for future Staked ETF products?

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