CoinShares has officially withdrawn its application for a staking Solana ETF submitted to the U.S. Securities and Exchange Commission (SEC). The filing withdrawal indicates that the trading and asset acquisition plans for the proposed fund were not completed. This development marks a pause in the immediate progress of their proposed Solana investment product, which aimed to offer exposure to SOL combined with staking rewards. Originally, the filing sought to provide investors with a regulated vehicle for Solana exposure, including the benefits of staking yields. The removal of the application from regulatory consideration suggests a strategic reassessment or a response to current regulatory conditions regarding crypto assets with staking components. [Update 1] CoinShares has formally confirmed the withdrawal of the application, emphasizing that the pause halts their push for this specific product at this time. The withdrawn filing had specifically proposed offering exposure to SOL with staking rewards.