Asset management firm CoinShares withdrew its application to the U.S. Securities and Exchange Commission (SEC) for a Solana staking exchange-traded fund (ETF) on Friday.
According to a filing with the SEC, the proposed fund's structured transactions and asset acquisitions were never completed, with the filing stating, "This registration statement is intended to register shares related to a transaction that was ultimately not completed. No shares were sold and no shares will be sold under the aforementioned registration statement."[ChainCatcher]
Powered by ChatGPTAll You Need to Know in 10s