VanEck Files for Staked Ethereum ETF Amidst Government Shutdown and Delaying SEC Decisions

The US government shutdown has cast a shadow over the cryptocurrency market, with analysts predicting potential delays in regulatory approvals for various digital asset investment products. Despite the deadline for the spot Litecoin ETF application passing yesterday, the Securities and Exchange Commission (SEC) remains silent on Ethereum’s staking approval. This delay is impacting applications like VanEck’s Lido Staked Ethereum ETF application which has been filed in Delaware. While this move signifies a push towards wider investor access to staking products, it may signal a delay in SEC approval due to the current staffing constraints of the commission.