CoinShares Cancels US Single-Asset ETF Plans for Solana, XRP, and Litecoin

COINOTAG News reported on November 29 that market sources indicate CoinShares has terminated its plan to launch three single-asset cryptocurrency ETFs in the United States. The decision underscores a recalibration of product strategy amid ongoing scrutiny of the crypto ETF regulatory landscape and custody risk considerations for institutional buyers.

The dropped lineup comprises the Solana Staking ETF, the XRP ETF, and the LTC ETF, each designed to provide direct exposure to a single digital asset. The cancellation narrows the pipeline of U.S.-listed vehicles for investors seeking targeted crypto exposure.

Market participants will monitor whether CoinShares revisits the strategy with revised filings, while regulators continue to shape the framework for liquidity, custody, and transparency in crypto asset products.