Asset manager CoinShares withdrew its Securities and 交易所 Commission (SEC) application for a staked Solana 交易所-traded fund (ETF) on Friday.
The structuring deal and asset purchase behind the proposed fund were never completed, according to the SEC
, which states:
“The Registration Statement sought to register shares to be issued in connection with a 交易 that was ultimately not effectuated. No shares were sold, or will be sold, pursuant to the above-mentioned Registration Statement.”
The first staked Solana (
) ETF, issued by REX-Osprey,
debuted in the United States
in June, followed by 投资 company Bitwise’s staked SOL ETF in October.
Net inflows into Solana ETFs since Nov. 10. Source:
Bitwise’s ETF launched with nearly
$223 million in assets
on its first day of 交易, managing to rack up about half the value accrued in the REX-Osprey ETF, which had been 交易 for months at that point,
to ETF analyst Eric Balchunas.
Despite the launch of the staked Solana ETFs and investor demand for these products, the
价格 of SOL has not kept pace
and has been in a downtrend since September’s high of over $250 per coin.
21shares Solana ETF launches amid crash, but flows signal investor interest
SOL ETFs drop to much fanfare, but SOL’s 价格 remains depressed
Solana ETFs
attracted over $369 million in capital flows
during November, as investors chased the yield-bearing opportunities of staked SOL 投资 vehicles advertising 5-7% 质押 rewards.
The Solana ETFs
bucked the trend
exhibited by BTC and Ether (
) ETFs that experienced record outflows during October and November by clocking multiday inflow streaks, even as 加密 prices were collapsing.
Analysts previously forecasted
SOL reaching as high as $400
due to capital inflows from ETFs. Still, 价格 projections have been revised down since October, with some analysts now saying that
SOL faces headwinds in reclaiming $150
SOL’s 价格 action remains depr...