CoinShares withdraws SEC filing for staked Solana ETF

Analysts expected more Solana ETFs to go live in 2025, as investors chase yield-bearing opportunities through staking and network validation.

Asset manager CoinShares withdrew its Securities and Exchange Commission (SEC) application for a staked Solana exchange-traded fund (ETF) on Friday.

The structuring deal and asset purchase behind the proposed fund were never completed, according to the SEC filing, which states:

The first staked Solana (SOL) ETF, issued by REX-Osprey, debuted in the United States in June, followed by investment company Bitwise’s staked SOL ETF in October.

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