VanEck moves to withdraw Lido staked Ether ETF application

The withdrawal removes one of the few US filings explicitly tied to a liquid staking token, leaving the pipeline for such products thinner without any stated rationale. It affects issuers pursuing staked-ETH wrappers and the staking protocols that would underpin them, since a major asset manager stepping back can signal either regulatory friction or shifting commercial priorities. The open question is whether other pending liquid-staking ETF proposals advance or follow the same path, and whether VanEck re-enters with a different structure.