Solana ETFs See Strong Inflows Amid Price Decline and Withdrawn Application
The post Solana ETFs See Strong Inflows Amid Price Decline and Withdrawn Application appeared on BitcoinEthereumNews.com.
CoinShares withdrew its SEC application for a staked Solana ETF due to an uncompleted structuring deal and asset purchase, as no shares were issued. This comes amid strong inflows into existing Solana ETFs like REX-Osprey and Bitwise, which have attracted over $369 million in November 2025, offering 5-7% staking yields despite SOL’s price decline to around $120. CoinShares’ withdrawal highlights challenges in finalizing Solana ETF structures, preventing the fund’s launch. Existing staked Solana ETFs from REX-Osprey and Bitwise have seen robust investor interest, bucking broader crypto market outflows. Solana’s price has dropped 60% from its January 2025 high of $295, now hovering near $120, amid memecoin hype and ETF inflows totaling $369 million in November. Discover why CoinShares pulled its staked Solana ETF application and how existing funds are thriving with 5-7% yields despite SOL’s price slump. Stay ahead in crypto investments—explore Solana opportunities today. What Is the Reason Behind CoinShares Withdrawing Its Staked Solana ETF Application? CoinShares withdrew its Securities and Exchange Commission application for a staked Solana exchange-traded fund on Friday, citing an uncompleted structuring deal and asset purchase agreement. The SEC filing confirmed that the registration statement aimed to issue shares tied to a transaction that never materialized, with no shares sold or planned for issuance. This development underscores ongoing regulatory and operational hurdles in bringing new Solana-based investment products to market, even as demand for yield-bearing crypto assets grows. The move by CoinShares, a prominent asset manager, reflects the complexities involved in navigating U.S. regulatory approvals for innovative crypto funds. While the firm had initially pursued the ETF to capitalize on Solana’s staking rewards, the failure to execute the underlying agreements halted progress. Industry observers, including ETF analyst Eric Balchunas, note that such withdrawals are not uncommon in the fast-evolving crypto ETF space, where precise alignment…
Filed under: News - @ November 29, 2025 12:20 am