XRP News: CoinShares Abandons $870M XRP and SOL ETF Race

The contraction of the market left profit margins low. Most ETF flows were in large issuers. Small players could not distinguish their products. CoinShares preferred a strategic withdrawal to price wars.

Nasdaq Ambitions Drive New Strategy

CoinShares declared a SPAC merger of $1.2 billion. The Vine Hill Capital acquisition aims at a Nasdaq listing. The firm desires to enter powerfully.

CoinShares is developing fresh products in the next 12-18 months. Thematic crypto baskets will be the first. Equity exposure products are next. Plans are completed with active strategies that combine crypto with conventional assets.

It has assets of $10billion. It has a 34 percent market share in Europe. Its European Solana stake ETP is doing well. Already, that product is traded on the Frankfurt exchange.

You might also like: SOL News: Planned Staked SOL ETF Stopped Before Launch, SEC Confirms

Market Impact Hits Token Prices

Solana dropped by over 2 percent in a few hours. Litecoin dropped over 2% too. XRP fell less than 0.5%.

SOL trades around $130 currently. It reached a five-month low close to $120 in November. That is 60 percent down compared to the January peak. The January rally was due to the Trump memecoin launch.

Other Solana ETFs are still gaining inflows. In October, Bitwise released its version, raising 223 million on the initial trading day. BSOL now holds $527.9 million. It currently trades at no fees.

Corporate treasuries added to SOL holdings considerably. The positions are now well in excess of 16 million tokens. The accumulation began in late summer 2025. November recorded faster purchasing.

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