VanEck seeks to withdraw the Lido Staked Ethereum ETF filing

According to The Defiant, asset management company VanEck is seeking to withdraw its filing application for the Lido Staked Ethereum ETF. The proposed fund was originally planned to directly hold stETH and provide investors with exposure to Lido's liquid staking tokens through brokerage accounts.

Reports indicate that the fund's registration never took effect, meaning this product failed to enter the formal issuance stage. Lido is the largest liquid staking protocol on Ethereum, and stETH is the liquid staking token it issues, allowing users to stake ETH while maintaining asset liquidity and earning staking rewards.