CoinShares Withdraws SEC Application for Staked Solana ETF

Asset manager CoinShares has withdrawn its application to the Securities and Exchange Commission (SEC) for a staked Solana exchange-traded fund (ETF). The withdrawal, as stated in the SEC filing, stems from an unfulfilled structuring deal and asset purchase component. “The Registration Statement sought to register shares that were ultimately not effectuated. No shares were sold, or will be sold, pursuant to the above-mentioned Registration Statement,” explains the SEC filing.