Asset management firm CoinShares has officially withdrawn its application for a Solana staking Exchange Traded Fund (ETF) from the U.S. Securities and Exchange Commission (SEC). The withdrawal came as part of the initial filing for shares related to a transaction that ultimately was not executed, with no shares being sold under this statement or planned in the future. This follows similar developments by REX-Osprey and Bitwise who launched their own Solana staking ETFs in June and October respectively. However, these newly listed products attracted over $369 million in inflows during November, despite a recent downturn for SOL, which has reached a five-month low of approximately $120.