On Friday, CoinShares withdrew its application to the U.S. Securities and Exchange Commission (SEC) for a Solana staking exchange-traded fund (ETF), as of November 29 (UTC+8).
According to the filing with the SEC, the proposed fund's structured transactions and asset acquisitions were never completed, with the filing stating, "This registration statement relates to a proposed offering of shares in connection with a transaction that will ultimately not be consummated. No shares were sold pursuant to the above-referenced registration statement, and no shares will be sold."[ChainCatcher]
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