Will the SEC Grant the Long-awaited Staking Approval for Ethereum (ETH)? VanEck Makes a Significant Move!
Following the budget crisis in the US, the budget bill failed to receive approval and the US government officially shut down.
While the government shutdown is expected to have an impact on Bitcoin (BTC) and the cryptocurrency market as well as financial markets, it is also stated that it will delay altcoinETF decisions.
At this point, the SEC has not made any decision, even though the deadline for the spot Litecoin ETF application was yesterday.
Analysts stated that the deadlines for ETF applications have now expired, while cryptocurrency journalist Eleanor Terrett stated that the SEC needs to approve the S-1 documents, but the institution is currently operating with limited staff.
While the SEC has not made a decision on ETF applications due to the shutdown, new ETF applications are coming.
At this point, VanEck, one of the leading asset managers in the USA, applied for and officially registered the VanEck Lido Staked Ethereum ETF in the state of Delaware on October 2, 2025.
Such a registration typically signals that a fund manager is preparing to file an S-1 registration with the U.S. Securities and Exchange Commission. Registration does not automatically mean that the fund manager has received SEC approval.
This move by VanEck indicates that it aims to bring its Ethereum (ETH) staking products to a wider investor base.
This application also represents an early but important step towards the widespread adoption of staking products in regulated markets.
VanEck's application was also reflected in the price of Lido DAO (LDO), and the LDO price increased by 4 percent in the last 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates Today: Bitcoin's Volatility: Surrender or Endurance from Institutions?
- Bitcoin's recent price drop and negative funding rates suggest market capitulation, with open interest collapsing 32% since late October 2025. - Institutional holdings like KindlyMD's $681M BTC stash and Harvard's ETF investments highlight growing long-term confidence in Bitcoin's stability. - Q3 2025 crypto VC surged 290% to $4.65B, while experts diverge: Standard Chartered targets $200K BTC by year-end, Kraken predicts $80K–$100K consolidation. - Macro risks including Japan's reserve rules and AI-drive
MegaETH's $500 Million Technical Issues Underscore DeFi's Ongoing Challenges with Maturity
- MegaETH abandoned plans to expand its $250M token sale after technical failures froze deposits at $500M and triggered unintended transactions. - The protocol announced retroactive compensation for affected users but faced criticism over preventable errors in KYC systems and multisig execution. - The incident highlights DeFi's operational challenges, contrasting with Aztec's success in achieving full decentralization with 525 validators. - Critics argue such missteps risk eroding trust in protocols promis
Paxos Combines Regulated Asset Storage with DeFi Protection Through Fordefi Acquisition
- Paxos acquires Fordefi for over $100M to enhance DeFi custody solutions via MPC wallet integration. - The deal combines Fordefi's institutional-grade security with Paxos' regulated infrastructure for on-chain transaction management. - This marks Paxos' second major acquisition in 2024, following Membrane Finance, as DeFi protocols hold $116B in total value locked. - The move aligns with global regulatory shifts toward DeFi oversight and growing institutional demand for secure crypto infrastructure.
Ambition Surpasses Action as MegaETH's $1 Billion Fundraising Effort Falls Apart
- MegaETH abruptly canceled its $1B token sale after technical failures caused a $500M deposit surge beyond the $250M cap. - KYC system malfunctions and premature multisig execution exposed critical operational vulnerabilities in the project's infrastructure. - While no assets were lost, the incident sparked criticism over preventable errors and raised industry concerns about token sale readiness. - MegaETH faces credibility challenges as it scrambles to fix protocols and offer refunds, highlighting risks
Trending news
MoreCrypto prices
More
