VanEck has formally requested the U.S. SEC to withdraw its application for a Lido staked Ether (stETH) exchange-traded fund, which was initially filed in October 2025. The ETF aimed to offer investors exposure to stETH and earn staking rewards, but VanEck stated it no longer intends to distribute shares of the fund. The company did not provide reasons for the withdrawal or indicate plans for a replacement product. No shares were issued or sold, and the SEC never declared the registration effective, marking a halt to this crypto ETF initiative.
VanEck's withdrawal of its Lido staked Ether ETF application is the story's subject. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 15, 2026 16:51 WIB: Out of 50 major cryptocurrencies priced on Pluang, 5 rose and 44 fell today. Notable movers include ALGO at Rp1.956 with a -8.85% change and 75% buy order activity, FIL at Rp18.665 down 8.33% with 61% sell orders, and ZIL at Rp57 down 8.19% with 99% buy orders. Typical hold times range from 99 to 133 days among these assets.
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