VanEck Withdraws Lido Staked Ethereum ETF Registration
- VanEck filed to withdraw its Lido Staked Ethereum ETF registration on October 14, 2026.
- Lido’s total value locked (TVL) has decreased to approximately $23.6 billion from $33.3 billion a year earlier.
- Blackrock launched its ETHB in March 2026, competing directly for staked ether ETF demand.
- The withdrawal request was made by VanEck Digital Assets vice president Matthew Babinsky and confirmed that no shares were sold.
- U.S. spot bitcoin and ether ETFs experienced a loss of $391 million in a single session this week.
VanEck’s decision to withdraw the registration for its Lido Staked Ethereum ETF highlights the competitive landscape of staked ether products, particularly with Blackrock’s recent entry into the market. The declining TVL of Lido and significant outflows from U.S.-based ETFs further complicate the environment for launching new niche products.
The withdrawal reflects challenges in attracting investors amid market volatility and competition, as evidenced by Lido’s reduced TVL and substantial outflows from existing ETFs this week.
