CoinShares has withdrawn its application to issue a Solana staking ETF in the United States, after seven SOL ETFs reported continuous inflows of funds. The company, which manages over $10 billion in assets, continues to issue Solana-based staking ETPs in Europe. Despite CoinShares withdrawing its application, Solana's price remains strong, currently trading at $137.83, with a weekly increase of 8.32%. Analysts point out that strong user activity and $613 million in Spot ETF inflows contribute to the potential rise in Solana's price.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
CoinShares has withdrawn its application to issue a Solana staking ETF in the United States, after seven SOL ETFs reported continuous inflows of funds. The company, which manages over $10 billion in assets, continues to issue Solana-based staking ETPs in Europe. Despite CoinShares withdrawing its application, Solana's price remains strong, currently trading at $137.83, with a weekly increase of 8.32%. Analysts point out that strong user activity and $613 million in Spot ETF inflows contribute to the potential rise in Solana's price.