VanEck Withdraws Proposed Lido Staked Ethereum ETF

VanEck Digital Assets has asked the U.S. Securities and Exchange Commission to withdraw its registration for a proposed Lido Staked Ethereum exchange-traded fund, ending the plan before the fund launched. The October 14, 2026, filing says VanEck no longer intends to distribute shares of the trust. The registration statement had never become effective, the filing said, and no shares were issued or sold. VanEck also said no preliminary prospectus was distributed. As a result, the proposed ETF never began operating and has no investors who need to redeem shares. The request, submitted as a Form RW, covers the original registration statement, later amendments and exhibits. VanEck Digital Assets vice president Matthew A. Babinsky signed the filing. The original registration was submitted on October 16, 2025, nearly a year before the withdrawal request. The proposed fund was designed to hold stETH, a liquid staking token issued through the Lido protocol, rather than hold ether directly. VanEck’s registration described a product intended to track stETH’s price after expenses and accrue staking rewards through ownership of the token. The proposal would have offered brokerage investors...