CoinShares Withdraws U.S. Spot ETF Filings for Altcoins

• Lyla Velez
• December 1, 2025
• News
• 0 Comments

CoinShares, a leading European digital asset manager, ceased its U.S. spot ETF filings for XRP, Solana, and Litecoin in November 2025 after failing to meet SEC requirements.

The withdrawal highlights ongoing regulatory challenges, with market prices for XRP, Solana, and Litecoin declining, indicating volatility.

CoinShares withdrew its U.S. spot and staking ETF filings for XRP, Solana (SOL), and Litecoin (LTC), marking a strategic pivot. Form RW requests were submitted to the SEC, finalizing the withdrawal amid unmet operational prerequisites. This move affects the staked ETFs proposed upon U.S. spot offerings, reflecting regulatory pressure.

The unexpected withdrawal impacts XRP, Solana, and Litecoin, signaling procedural difficulties. CoinShares intends to focus on higher-margin hybrid crypto products. With plans for upcoming Nasdaq listings, this shift is strategic.

Following the withdrawal announcement, market prices for XRP, Solana, and Litecoin declined by 5.6-6.5%. The challenging market environment and regulatory scrutiny delay ETF launches for crypto assets in the U.S.

CoinShares’ decision to withdraw these filings showcases an adaptation to the current financial climate. The SEC’s stringent operational conditions continue to shape the ETF market landscape. Market volatility and regulatory barriers pose challenges to future staking ETFs.

“Our decision to withdraw these filings is a reflection of our commitment to compliance and our understanding of the regulatory landscape in the U.S.” — CoinShares Executive Team, CoinShares.

Amidst high regulatory scrutiny, crypto firms face significant hurdles. CoinShares, with a strategic focus on Nasdaq listings, adapts to the U.S. market’s evolving landscape. The situation underscores the complexity of launching staking ETFs under current regulatory frameworks.