- CoinShares withdrew its Solana Staking ETF filing, stating the planned transaction was not completed.
- Solana holds above $130 as indicators show neutral momentum and consolidation below the $150 level.
- Corporate Solana holdings passed 16M tokens while staked SOL ETFs from other issuers saw $369M inflows.
Solana traded near $137 after a small rise during the last 24 hours, and the market held above the $130 support zone. The asset moved within a narrow range during the day, showing stable conditions as traders responded to new developments around ETF products. Market volume rose to $4.06 billion, but the broader market slipped by more than one percent during the same period.
CoinShares Withdraws Solana ETF Filing
CoinShares withdrew its Form S-1 registration for a Solana Staking ETF, ending months of anticipation around the product. The filing stated that the transaction behind the ETF “was ultimately not effectuated” and confirmed that no shares were issued or sold. The asset manager also withdrew proposed XRP and Litecoin funds.
The request was submitted on November 28, 2025, and it surprised traders who had watched rising interest in Solana products this year. The firm noted challenges in the establishment of the fund. The decision follows earlier batches of activity in the ETF market, where several issuers recorded rising demand for staking-based offerings.
SOL continued to trade within a consolidating structure. The Relative Strength Index stood at 47, while the MACD indicator remained neutral as the histogram moved between positive and negative values.
Corporate Accumulation and Market Outlook
Corporate treasuries increased their Solana holdings throughout 2025, and total positions passed 16 million tokens. Data showed steady accumulation from April to November, and November marked one of the strongest periods of growth.
Staked Solana ETFs from other issuers remained active. The REX-Osprey ETF launched earlier in the year, and Bitwise introduced its own product in October with more than $223 million on its first day of trading. These funds attracted over $369 million in November as investors pursued staking yields.
SOL traded below earlier highs reached in September, and the asset recently touched a five-month low near $120. Traders watched the $150 resistance level while monitoring support at $130 during the ongoing consolidation.
