Which altcoin ETFs were withdrawn?

TLDR

CoinShares withdrew its U.S. ETF filings for Solana (SOL), XRP, and Litecoin (LTC) this week.

1. Solana staked ETF: application withdrawn on Nov 28, with the SEC noting no shares were or will be sold per a report.
2. XRP ETF: CoinShares pulled the filing as part of a strategic shift ahead of its U.S. listing per Reuters.
3. Litecoin ETF: the firm filed Form RW withdrawals confirming no executed transactions confirmed in a filing summary.

Deep Dive

1. What Was Withdrawn

CoinShares filed Form RW withdrawals for three altcoin products: a Solana Staking ETF, an XRP ETF, and a Litecoin ETF. The withdrawals specify no shares were sold and the prior S-1 registrations did not close, effectively ending those launches for this issuer at this time as summarized here.

2. Why Pull Now

CoinShares signaled the U.S. market is consolidating around large single-asset players, with fewer avenues for differentiation and sustainable margins. Management framed the move as re-focusing ahead of its U.S. market push, rather than a statement about the assets themselves management rationale captured here.

3. Market Context

Existing U.S. Solana ETFs continue to trade and recently recorded their first net outflow day after a long streak of inflows, underscoring that the market for altcoin ETFs remains active and sensitive to flows and sentiment flow snapshot.

Conclusion

The withdrawn altcoin ETFs were CoinShares planned Solana Staking, XRP, and Litecoin products. This looks like a business strategy shift, not a sector-wide halt. Other issuers altcoin ETFs are still trading, so the practical impact is issuer-specific.