VanEck Seeks to Withdraw Lido Staked Ethereum ETF Filing

Odaily News: Asset management firm VanEck is seeking to withdraw its filing for a Lido staked Ethereum ETF. The proposed fund had originally planned to directly hold stETH and provide investors with exposure to Lido's liquid staking token through brokerage accounts.

Reports indicate that the fund's registration never became effective, meaning the product was unable to enter the formal issuance stage. Lido is the largest liquid staking protocol on Ethereum, and stETH is its issued liquid staking token. Users who stake ETH can earn staking yields while maintaining asset liquidity.