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: France and South Korea Invest in Bitcoin "Digital Gold" to Compete with Dollar Supremacy in International Finance
- France's UDR party proposes a 420,000 BTC national reserve (2% of total supply) to diversify foreign exchange holdings and reduce U.S. dollar stablecoin dependence. - Funding would come from public mining surpluses, seized Bitcoin, and savings from state-backed financial products like the Livret A, with tax payments in Bitcoin requiring constitutional approval. - South Korea launches KRW1, a won-pegged stablecoin on Avalanche blockchain, to reduce foreign stablecoin reliance and boost cross-border transa
XRP News Today: XRP Faces Pivotal Moment: Bulls Eye $10 Surge While Bears Caution Against Drop to $1.35
- XRP trades near $2.65 amid bullish $10 targets and bearish $1.35 warnings as price oscillates between key support/resistance levels. - Technical indicators show mixed signals: 88% rebound from October lows and inverse head-and-shoulders pattern suggest $3+ potential, but $2.82 breakout is needed for $6.50-$10 surge. - Institutional developments accelerate: First U.S. XRP ETF surpasses $100M AUM, Ripple acquires Hidden Road for institutional settlements, and ETF approvals from Grayscale/Bitwise loom in la
XLM Drops 0.47% to $0.3167 as Key Resistance Levels Face Increased Pressure
- Stellar Lumens (XLM) fell 0.47% to $0.3167 on October 29, 2025, with a 12.94% monthly decline amid broader crypto bearishness. - A brief 2.3% rally to $0.3314 showed institutional activity (190.5M volume), but price stabilized near $0.3315 support after a pullback. - Technical analysis highlights $0.3315 support and $0.335 resistance, with a backtest showing 30-day underperformance (-9.7%) after $0.335 breakouts. - Despite long-term institutional interest in Stellar's payment systems, near-term pressure
Ethereum Updates Today: BitMine Targets 5% of Ethereum Supply to Strengthen Crypto's Position in Financial Systems
- BitMine adds $113M in 27,316 ETH to treasury, now holding 3.3M ETH ($13.2B) as largest public Ethereum reserve. - Firm aims to accumulate 5% of Ethereum's supply (6.04M ETH) with institutional backing from Cathie Wood and Galaxy Digital. - Tom Lee emphasizes Ethereum's "neutral chain" role in financial infrastructure amid U.S.-China trade optimism and equity-linked crypto dynamics. - Ethereum trades at $4,000 amid technical uncertainty, contrasting with BitMine's $14.2B crypto-cash holdings and competito
Trending news
MoreCrypto prices
More
