by: xpoolPosted on:

CoinShares Pivots Strategy, Withdraws ETF Applications Before SPAC Merger

CoinShare’s plans for entering the U.S. market have shifted significantly. The European digital asset management firm has withdrawn its applications for XRP, Solana Staking, and Litecoin ETFs filed with the SEC as of November 28th. This decision aligns with their upcoming public offering through a $1.2 billion SPAC merger with Nasdaq-listed Vine Hill Capital, anticipated to be finalized by year’s end. 🚀

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