[CoinShares Withdraws Solana Staking ETF Application Submitted to U.S. SEC] Asset management company CoinShares withdrew its application for a Solana staking exchange-traded fund (ETF) submitted to the U.S. Securities and Exchange Commission (SEC) on Friday. Documents submitted to the SEC indicate that the structural transactions and asset acquisitions for the proposed fund were not completed. The document states: 'This registration statement is intended to register shares related to a transaction that ultimately failed to be completed. No shares have been sold under the aforementioned registration statement, and no shares will be sold.'