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CoinShares withdraws XRP, Solana and Litecoin ETF applications

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2025-12-01 00:13:10
CoinShares, Europe's largest digital asset management company, has officially withdrawn its XRP, Solana Staking and Litecoin ETF applications filed with the Securities Exchange Commission (SEC) on November 28. The company also announced that it will gradually close its Bitcoin Futures Leveraged ETF product (BTFX).
The decision comes as CoinShares prepares to go public in the U.S. through a $1.20 billion SPAC merger with Nasdaq-listed Vine Hill Capital, which is expected to close by the end of the year. After the merger, CoinShares will rank among the top four crypto ETF asset managers in the world, alongside BlackRock, Fidelity, and Grayscale.
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