CoinShares Withdraws Staked Solana ETF Bid After Deal Failure

CoinShares has withdrawn its application for a staked Solana ETF in the U.S., halting its planned launch after an unsuccessful asset deal collapsed. Despite strong inflows into staked SOL ETFs last November, even as SOL’s price fell towards multi-month lows, CoinShares’ decision comes amid contrasting trends: while demand for regulated, yield-bearing exposure through staked SOL continues to grow, the actual SOL price has not reflected these trends. 21Shares TSOL also saw outflows in November, further highlighting the disconnect between ETF inflows and spot prices.