CoinShares Halts XRP, Solana, Litecoin ETF Filings Following SEC Hurdles

Crypto asset manager CoinShares has withdrawn its applications for ETFs tracking XRP, Solana, and Litecoin. The move stems from operational hurdles set by the SEC, which could impact their planned listing on the Nasdaq exchange. This withdrawal underscores the challenges faced by crypto firms in navigating US regulatory frameworks and signals a potential shift towards hybrid investment products.