CoinShares Drops Plans for XRP, SOL, and LTC ETFs in US

CoinShares has withdrawn its plans to launch exchange-traded funds (ETFs) for XRP, SOL, and LTC within the United States. This surprise cancellation raises questions about the future of cryptocurrency investments and regulatory challenges in the crypto space. Industry experts suggest that regulatory uncertainty and compliance requirements played a significant role in this decision. The SEC’s cautious approach towards altcoin ETFs may have impacted CoinShares’ strategic move.