Which issuers withdrew SOL ETF plans?

TLDR

CoinShares withdrew its plan for a Solana (SOL) ETF in the U.S. per an SEC filing, citing an uncompleted transaction behind the proposed fund CoinShares withdraws filing.

1. CoinShares pulled its staked Solana ETF registration; no shares were or will be sold SEC note cited here.
2. Other issuers are still active; Bitwise, Fidelity, Grayscale continue to post inflows to SOL products issuer flow summary.
3. 21Shares had a large one-day withdrawal but did not withdraw its ETF plans TSOL outflow context.

Deep Dive

1. CoinShares Withdrawal

CoinShares formally withdrew its SEC application for a staked Solana ETF, stating the structuring deal and asset purchase were never completed.

• The filing clarified that no shares were sold, or will be sold under the registration SEC wording reported.
• Separate coverage notes CoinShares also paused related ETF efforts across other assets, reinforcing a strategic reset amid competition broader withdrawal note.

2. Other Issuers Still Active

While CoinShares exited, other SOL ETF issuers continued to add capital despite mixed flows late this week.

1. Bitwise (BSOL), Grayscale (GSOL), and Fidelity (FSOL) recorded inflows on the day TSOL saw withdrawals flow breakdown.
2. Combined SOL ETFs hold roughly millions of SOL, indicating ongoing institutional interest even as momentum cooled issuer aggregation.

3. Outflow Day Is Not A Withdrawal

A notable headline was 21Shares TSOL one-day pull of about $34 million, which broke a perfect inflow streak, but that is distinct from withdrawing an ETF.

• Reports highlighted the first net outflow day across SOL ETFs after weeks of inflows, led by TSOLs single-session withdrawal outflow context.
• Other issuers absorbed part of that imbalance the same day with net inflows offsetting flows.

Conclusion

Only CoinShares is confirmed to have withdrawn SOL ETF plans this week, citing a non-effectuated transaction behind its filing. Other issuers continue operating and, despite a notable outflow day led by 21Shares, the SOL ETF landscape remains active with inflows rotating among Bitwise, Fidelity, and Grayscale.