Asset management company CoinShares officially withdrew its application to the U.S. Securities and Exchange Commission (SEC) on Friday for a staked Solana ETF. The filing shows that the registration statement was originally intended to register shares related to a transaction that ultimately did not take effect, and that no shares were actually sold, nor will any sales be made under the statement in the future.
Previously, REX-Osprey and Bitwise launched staked $SOL ETFs, which were listed in the United States in June and October of this year, respectively. Although related ETF products attracted more than $369.00 million in inflows in November, the price of $SOL has recently been sluggish, hitting a five-month low of around $120.00.[Odaily]
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