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ZEC $1,088 VanEck seeks to withdraw Lido staked Ether ETF registration
VanEck has asked the SEC to withdraw its registration for a Lido Staked Ethereum ETF that would have held Lido's stETH.
Key takeaways
- No shares were sold. VanEck confirmed the proposed fund never issued shares, sold securities or distributed a preliminary prospectus.
- Two October dates. The original registration statement was submitted on October 16, 2025, and withdrawal was requested through an October 14 SEC filing.
- No replacement named. VanEck did not identify a replacement investment product or say whether it will return with another Lido-linked ETF.
What happened
VanEck no longer plans to move ahead with its proposed Lido staked Ether exchange-traded fund. The asset manager asked the SEC to withdraw the product's registration, ending plans for a fund that would have held Lido's stETH token and accrued staking rewards through that holding.
In an SEC filing, VanEck Digital Assets said it does not intend to proceed with the planned distribution of the trust's shares. The withdrawal request was made in an October 14 filing.
VanEck confirmed the fund never issued shares, sold securities or distributed a preliminary prospectus. The request gave no detailed explanation for ending the offering or for replacement fund plans.
First $2.7KLatest $2.4K-12.5% over the period
Points are daily observations, not closing prices.
Why it matters
The move closes off a proposed route for regulated exposure to a staking token. Unlike spot Ethereum ETFs that mainly hold ETH, the VanEck product would have held tokens representing Ethereum already deposited into Lido's staking system. Its stated objective was to track the price of stETH after operating expenses.
The filing also leaves VanEck's staking-token plans unclear. The company did not name a replacement product, and Cointelegraph said it reached out to VanEck Digital Assets for comment.
What the data shows
Market capitalisation was 287200068918 USD, with 24-hour volume of 17948012331 USD.
Background
VanEck first filed the trust's S-1 registration statement on October 16, 2025, and asked to withdraw nearly one year later.
The company submitted the request under Rule 477 of the Securities Act of 1933, which provides a procedure for withdrawing certain registration statements with the regulator's consent. The document was signed by Matthew A. Babinsky, vice president of VanEck Digital Assets, under registration number 333-290918.
What is still unclear
- No detailed explanation was given for ending the offering.
- The filing did not name a replacement product or say whether VanEck will return with another ETF linked to Lido's staking tokens.
Questions readers ask
Did VanEck launch a Lido staked Ether ETF?
No. VanEck asked the SEC to withdraw its proposed Lido Staked Ethereum ETF registration. The company confirmed the fund never issued shares, sold securities or distributed a preliminary prospectus.
When did VanEck file for the Lido staked Ether ETF?
The asset manager submitted the original registration statement on October 16, 2025, and asked to withdraw through an October 14 SEC filing.
What would the VanEck fund have held?
It would have held Lido staked Ether (stETH) and expected to accrue staking rewards through that holding. Its objective was to track the price of stETH after accounting for operating expenses.
Why did VanEck withdraw the fund?
The withdrawal request gave no detailed explanation for ending the offering or announcing replacement fund plans, and VanEck did not identify a replacement investment product.
