Cointelegraph reported on November 28 that asset manager CoinShares withdrew its application to list a staking Solana ETF with the US Securities and Exchange Commission.
According to the SEC, the withdrawal stemmed from unfinished fund restructuring and asset purchases.
REX Osprey launched the first staking Solana ETF in the United States, followed by Bitwise, which listed a second staking Solana ETF in October. The Bitwise ETF drew about 230 million dollars in assets on its first trading day.
Despite investor interest in staking Solana ETFs, the price of Solana has continued to fall. The token, which exceeded 250 dollars last September, now trades around 120 dollars.
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Chi-kyu Hwang
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