VanEck just pulled their $LDO staked ETH ETF filing. Dead on arrival.
They're not even trying to push it through anymore. SEC pressure? Regulatory uncertainty on staking? Or just realized the product-market fit isn't there yet.
Either way, one less institutional on-ramp for liquid staking derivatives. Not great for $LDO short-term sentiment, but the staking narrative isn't going anywhere.
Trad finance still figuring out how to package DeFi primitives without breaking them.
They're not even trying to push it through anymore. SEC pressure? Regulatory uncertainty on staking? Or just realized the product-market fit isn't there yet.
Either way, one less institutional on-ramp for liquid staking derivatives. Not great for $LDO short-term sentiment, but the staking narrative isn't going anywhere.
Trad finance still figuring out how to package DeFi primitives without breaking them.