Solana ETFs See Strong Inflows Amid Price Decline and Withdrawn Application 📉
CoinShares has withdrawn its SEC application for a staked Solana ETF, citing incomplete structuring deals and asset purchase as reasons. The decision was made because no shares were issued.
This development occurs amid strong inflows into existing Solana ETFs, even though the application faced hurdles. The interest in the cryptocurrency remains noteworthy despite the challenges.
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