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CoinShares has withdrawn its application to issue a Solana staking ETF in the United States, after seven SOL ETFs reported continuous inflows of funds. The company, which manages over $10 billion in assets, continues to issue Solana-based staking ETPs in Europe. Despite CoinShares withdrawing its application, Solana's price remains strong, currently trading at $137.83, with a weekly increase of 8.32%. Analysts point out that strong user activity and $613 million in Spot ETF inflows contribute to the potential rise in Solana's price.