[CoinShares Withdraws Applications for XRP, Solana, and Litecoin ETFs]
Europe's largest digital asset management company, CoinShares, officially withdrew its applications for XRP, Solana Staking, and Litecoin ETFs submitted to the U.S. Securities and Exchange Commission (SEC) on November 28. At the same time, the company announced plans to gradually shut down its Bitcoin Futures Leveraged ETF product (BTFX). Currently, CoinShares is planning to go public in the U.S. through a $1.2 billion SPAC merger with Nasdaq-listed company Vine Hill Capital. The transaction is expected to be completed by the end of this year. After the merger, CoinShares will rank alongside BlackRock, Fidelity, and Grayscale as one of the world's four largest crypto ETF asset management companies.