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CoinShares withdraws XRP, Solana, and Litecoin ETF applications, shifting towards a high-profit product strategy.
CoinShares withdrew its applications for XRP, Solana Staking, and Litecoin ETF on November 28, and will gradually close its Bitcoin futures leveraged ETF. The company is merging with Vine Hill Capital through a SPAC, expected to be completed by the end of the year, at which point it will become the fourth largest encryption ETF management company in the world. The CEO stated that they will shift towards more innovative and high-profit products.
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