Author：Encryption Jianghu
CoinShares withdrew its staking ETFs.
In an official notice to the SEC, CoinShares submitted filings to withdraw its registration statements for Ripple [XRP], Solana [SOL] and Litecoin [LTC] ETFs, triggering market-wide speculation regarding the underlying cause.
According to a post on X by SolanaDaily, CoinShares failed to complete the required fund setup, meaning it did not satisfy the SEC’s operational prerequisites. As a result, it proceeded to withdraw its registration.
For context, CoinShares, which expanded into the U.S. ETF market, after acquiring Valkyrie’s ETF business in 2024, filed multiple crypto-ETF registrations with the SEC in early 2025, joining the accelerating ETF trend.
However, this sudden withdrawal has sparked debate.
Given tightening regulatory compliance, the MSCI controversy, persistent ETF outflows, and DAT-related losses, are broader structural pressures driving the CoinShares decision more than routine internal adjustments?
CoinShares pulls crypto ETFs amid strategic shift
Macro uncertainty is forcing firms to rethink their strategies.
CoinShares withdrew its ETF filings due to these pressures. According to analysts, the move reflects the company’s aim for higher-margin opportunities, Nasdaq listing, and response to regulatory uncertainty.
For context, CoinShares plans to launch new U.S. products within 12 to 18 months, such as crypto equity exposure vehicles that combine crypto and other assets, which are generally more profitable than single-asset ETFs.
BlackRock’s IBIT Bitcoin [BTC] Trust provides a reference point.
As the chart above shows, the BTC IBIT ETF has fallen 20.82% in Q4, driven by market-wide FUD that triggered massive outflows. For context, BTC ETFs alone saw a record $4 billion exit in November.
In this environment, CoinShares’ withdrawal of its XRP, SOL, and LTC ETF filings reflects a strategic response to these pressures, “indirectly” highlighting the risks inherent in single-asset crypto ETFs.
Final Thoughts
- CoinShares withdraws registrations for its XRP, Solana, and Litecoin staking ETFs.
- Market conditions, including BTC ETF outflows, regulatory tightening, and macro uncertainty, highlight the risks of single-asset crypto ETFs.
