Solana maintains a price above $130 amid CoinShares withdrawing its staking ETF filing due to an uncompleted transaction, while corporate holdings surpass 16 million tokens and staked SOL products draw $369 million in inflows, signaling sustained investor interest in the ecosystem.
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CoinShares withdraws Solana Staking ETF filing after the underlying transaction fails to materialize.
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Solana price holds steady above $130 in a consolidation phase below $150 resistance.
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Corporate Solana accumulation exceeds 16 million tokens, with staked SOL ETFs attracting $369 million in November inflows.
Solana price stays resilient above $130 as CoinShares pulls ETF filing; corporate buys and staking inflows surge. Discover key market insights and outlook for SOL investors today.
What Is the Impact of CoinShares Withdrawing Its Solana Staking ETF Filing?
Solana staking ETF developments took a turn when CoinShares withdrew its Form S-1 registration on November 28, 2025, citing that the planned transaction was not completed, leaving no shares issued or sold. This decision also affected proposed XRP and Litecoin funds, surprising traders amid growing interest in Solana-based products. Despite the withdrawal, the broader market for staked SOL remains robust, with other issuers reporting strong inflows.
How Is Solana Price Performing After the ETF News?
Solana price traded near $137 following a modest uptick in the last 24 hours, firmly holding above the $130 support level. The asset has been consolidating within a narrow range, reflecting stable market conditions as traders digest the ETF withdrawal and ongoing corporate accumulation. Trading volume reached $4.06 billion, even as the overall cryptocurrency market dipped by over one percent. Technical indicators, such as the Relative Strength Index at 47 and a neutral MACD, suggest balanced momentum without immediate bullish or bearish extremes. Data from market trackers like CoinMarketCap highlights this consolidation below the $150 resistance, with recent lows near $120 marking a five-month bottom. Expert analysis from blockchain researchers at Messari points to Solana’s resilient network performance, with over 1,000 transactions per second supporting its appeal for institutional adoption. Corporate treasuries have been key drivers, accumulating steadily since April 2025, pushing total holdings past 16 million SOL tokens by November—a period of notable growth. Meanwhile, staked Solana products from competitors like REX-Osprey and Bitwise have seen significant activity; the REX-Osprey ETF launched earlier in the year, and Bitwise’s October debut pulled in $223 million on day one, contributing to $369 million in total November inflows as investors chase staking yields averaging 6-8% annually, according to on-chain analytics from Dune.
Frequently Asked Questions
What Caused CoinShares to Withdraw the Solana Staking ETF Filing?
CoinShares withdrew its Solana staking ETF filing because the underlying transaction planned for the fund was not effectuated, as stated in the Form S-1 update on November 28, 2025. This halted the issuance and sale of any shares, reflecting challenges in finalizing the product amid regulatory and operational hurdles in the evolving crypto ETF landscape.
Will the CoinShares Withdrawal Affect Solana Price Long-Term?
The CoinShares Solana ETF withdrawal is unlikely to have a lasting negative impact on Solana price, given the strong inflows into alternative staked SOL products and ongoing corporate accumulation. With SOL holding above $130 and neutral technicals, market sentiment remains focused on network growth and staking rewards, potentially supporting steady recovery toward $150 resistance.
Key Takeaways
- CoinShares ETF Pullback: The withdrawal ends speculation on this specific product but underscores the competitive landscape for Solana staking ETFs from other issuers.
- Corporate Accumulation Surge: Holdings topping 16 million SOL tokens demonstrate institutional confidence, with November marking peak growth in 2025.
- Staking Inflows Strength: $369 million into staked SOL ETFs highlights investor appetite for yields, advising diversification into proven products like those from Bitwise.
Conclusion
In summary, Solana price resilience above $130 persists despite CoinShares withdrawing its staking ETF filing, bolstered by corporate Solana holdings exceeding 16 million tokens and robust $369 million inflows into competing staked SOL products. As the ecosystem evolves with neutral technical indicators and strong network fundamentals, investors should monitor resistance at $150 for potential upside. Stay informed on Solana ETF developments to capitalize on emerging opportunities in the crypto staking market.
Solana holds above $130 as CoinShares withdraws its staking ETF filing while corporate accumulation grows and staked SOL products attract strong inflows.
- 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.
