CoinShares withdraws SEC filing for staked Solana ETF
29.11.2025
3765
Asset manager CoinShares withdrew its Securities and Exchange Commission (SEC) application for a staked Solana exchange-traded fund (ETF) on Friday.
CoinShares withdraws SEC filing for staked Solana ETF
Asset manager CoinShares just pulled the plug on its SEC application for a staked Solana ETF. The deal collapsed before it even got started — the structuring and asset purchase never happened, according to the official filing.
"The Registration Statement sought to register shares to be issued in connection with a transaction that was ultimately not effectuated. No shares were sold, or will be sold, pursuant to the above-mentioned Registration Statement."
Meanwhile, the staked SOL ETF space is already heating up elsewhere. REX-Osprey dropped the first one back in June, and Bitwise followed up in October with a massive $223M launch day — that's half what REX-Osprey had managed after months of trading, per ETF guru Eric Balchunas.
Despite all the ETF hype and investor demand for that sweet 5-7% staking yield, SOL's price has been straight up depressed. It's been sliding since September's $250+ peak and hasn't kept pace with the ETF inflows.
SOL ETFs drop to much fanfare, but SOL's price remains depressed
November saw SOL ETFs rake in over $369M in capital flows as investors chased those yield-bearing opportunities. They're literally bucking the trend while BTC and ETH ETFs are bleeding out with record outflows.
Analysts were once hyping SOL to hit $400 from ETF inflows, but reality check: price projections got slashed hard. Some now say SOL faces serious headwinds just trying to reclaim $150.
SOL hit a brutal five-month low around $120 in November — that's a 60% crash from its January ATH of ~$295. The January pump was all about the Official Trump memecoin launch on Solana, fueling the memecoin frenzy that's since cooled off hard.
#XRP and SOL ETF#SEC#Solana#regulation#staking
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