Pre-Listing Consolidation: CoinShares Drops Three US ETF Plans, Winds Down Bitcoin Futures Fund

In a strategic consolidation ahead of its Nasdaq debut, CoinShares has withdrawn applications for US spot XRP, Solana, and Litecoin ETFs and is winding down its Bitcoin Futures Leveraged ETF.

The firm is pivoting resources toward its core strengths as it nears the completion of a $1.2 billion SPAC merger with Vine Hill Capital.

Management concluded that competing directly with ETF behemoths BlackRock, Fidelity, and Grayscale in the single-asset space is unsustainable, choosing instead to leverage its upcoming public listing for broader strategic growth.