CoinShares Withdraws Staked Solana (SOL) ETF Filing After Deal Falls Through
CoinShares has withdrawn its SEC registration for a proposed staked Solana (SOL) exchange-traded fund after the underlying asset purchase and structuring transaction failed to close; no shares tied to that registration were sold. The withdrawal follows the U.S. launches earlier in the year of staked-SOL ETFs by REX-Osprey (June) and Bitwise (October), the latter collecting roughly $223m on its first day and contributing to about $369m total inflows into Solana staking ETFs in November as investors chased ~5–7% staking yields. Despite ETF inflows, SOL has weakened materially — falling from about $295 in January to roughly $120 in November — prompting some analysts to lower short-term targets and identify resistance around $150. CoinShares said the move was driven by deal execution issues rather than regulatory rejection. For traders, the withdrawal reduces the number of potential U.S. issuers and may modestly affect short-term liquidity and capital flows into SOL-linked vehicles; however, the staking-yield narrative and existing ETF inflows continue to support demand for Solana staking products. Key SEO keywords: staked Solana ETF, SOL price, CoinShares withdrawal, staking yields, ETF inflows.
Neutral
The immediate market impact on SOL is neutral. CoinShares’ withdrawal reduces the pool of potential U.S. ETF issuers, which can slightly reduce prospective capital inflows and short-term liquidity for SOL-linked products. However, the withdrawal was due to deal execution failures — not regulatory rejection — and other issuers (REX-Osprey, Bitwise) have successfully launched staked-SOL ETFs that attracted meaningful inflows. The staking-yield narrative (roughly 5–7%) continues to underpin investor demand even as SOL’s spot price has fallen significantly year-to-date. In the short term, traders may see modest downward pressure or reduced momentum in SOL if market participants anticipated additional ETF supply from CoinShares; flows into existing staking ETFs and yield-seeking behaviour should limit severe downside. Over the medium to long term, the development signals execution risk for new product launches but does not change fundamental demand drivers for staking products. Therefore, net price direction is unlikely to shift materially solely because of this withdrawal, though volatility and liquidity dynamics around SOL-linked ETFs could be affected.