Solana News Update: Major Players’ Supremacy Drives CoinShares to Adjust Strategy Amidst Competitive Crypto ETF Landscape- CoinShares withdrew XRP , Solana , and Litecoin ETF applications, exiting the crowded U.S. crypto ETF market dominated by BlackRock and Fidelity. - The firm cited rising competition, commoditization of single-asset ETFs, and unprofitable distribution costs as key reasons for the strategic shift. - CoinShares will now focus on crypto equity exposure, thematic baskets, and active strategies, leveraging institutional research and Nasdaq listing plans. - Regulatory uncertainty and inconsistent SEC approvals
Bitget-RWA•2025/12/01 04:44