VanEck just pulled their Lido Staked $ETH ETF application. They're not moving forward with it.
Another staking ETF bites the dust. SEC clearly isn't ready to approve yield-bearing crypto products yet.
Meanwhile, spot $ETH ETFs are live but bleeding flows. The institutional narrative isn't playing out like bulls hoped.
Staking yields would've been a game-changer for TradFi adoption, but regulators still see it as securities territory. Not surprised, just disappointed.
Another staking ETF bites the dust. SEC clearly isn't ready to approve yield-bearing crypto products yet.
Meanwhile, spot $ETH ETFs are live but bleeding flows. The institutional narrative isn't playing out like bulls hoped.
Staking yields would've been a game-changer for TradFi adoption, but regulators still see it as securities territory. Not surprised, just disappointed.