CoinShares Pulls SEC Application for Staked Solana ETF
CoinShares confirmed it has pulled its application for a Staked Solana ETF, filing paperwork removal on Friday, Nov. 28, 2025. The firm did not provide detailed public reasons at the time of the announcement. Market participants who had been tracking the SEC docket noted the withdrawal came without a formal rejection, leaving open the possibility of resubmission but creating immediate uncertainty for product timelines.
Analysts had expected a broader wave of Solana ETFs in 2025 as investors sought yield-generating exposure via staking and network participation. The withdrawal is being read as a negative signal for that outlook: it may slow rollouts, limit regulated access to staking returns for retail investors, and prompt other issuers to reassess launch plans amid ongoing regulatory scrutiny. Traders and asset managers will be watching whether competitors proceed or pause similar filings.