XRP News: CoinShares Abandons $870M XRP and SOL ETF Race
The post XRP News: CoinShares Abandons $870M XRP and SOL ETF Race appeared on BitcoinEthereumNews.com.
CoinShares removes XRP, Solana, and Litecoin ETF applications in the name of market consolidation. The asset manager shifts to products with higher margins before the Nasdaq launch. On November 28, 2025, CoinShares submitted withdrawal requests to the SEC. The asset manager in Europe scrapped the XRP ETF. It also liquidated its Solana Staking ETF. The Litecoin ETF application was also pulled. All three withdrawal letters were signed by Charles Butler. He is the Principal Financial Officer. The SEC filings affirm that there was no sale of shares. CoinShares offered voluntary requests to the SEC to withdraw three product registration statements. Solana filing was the first to appear in June. Amendments to XRP occurred in August and October. The Litecoin proposal was dated January. Why Giants Pushed CoinShares Out The withdrawal was explained by CEO Jean-Marie Mognetti. The opportunities to differentiate and sustainable margins are minimal because the US market is stocked with big players. It is dominated by traditional finance giants. Rivalry this year has been burning hot. Grayscale, Bitwise, Canary Capital, and REX-Osprey XRP ETFs raised over $870 million in total assets. Similar figures were pulled by Solana ETFs. Skipper on X states that CoinShares is shifting to opportunities with higher margins. It was announced in the morning by a tweet. Merchants were astonished by the time. Source – Skipper X The contraction of the market left profit margins low. Most ETF flows were in large issuers. Small players could not distinguish their products. CoinShares preferred a strategic withdrawal to price wars. Nasdaq Ambitions Drive New Strategy CoinShares declared a SPAC merger of $1.2 billion. The Vine Hill Capital acquisition aims at a Nasdaq listing. The firm desires to enter powerfully. CoinShares is developing fresh products in the next 12-18 months. Thematic crypto baskets will be the first. Equity…
Filed under: News - @ November 30, 2025 11:27 am