VanEck Pulls Plug on Lido Staked ETH ETF After Yearlong Wait

VanEck has asked the SEC to withdraw its proposed Lido stETH ETF registration after a year of waiting, and the fund never launched. Because no shares were ever issued, there are no investor redemptions or forced sales of staked ETH. The move signals waning issuer appetite for liquid-staking ETF products, a mild negative for Lido and staked-ETH sentiment, though the direct market impact is limited.