🚨 VanEck is seeking to withdraw its Lido staked Ether ETF application, signaling potential hesitation in institutional staking product approvals.
This may reflect regulatory caution or shifting demand for ETH yield vehicles.
For altcoins like SMHB, reduced ETF optimism could pressure risk appetite and delay inflows into staking-linked assets.
Market participants should watch for similar filings being paused or revised.
Is this a temporary setback or a sign of broader institutional pullback?
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