VanEck Seeks to Withdraw Lido Staked Ether ETF Filing
Edited by Steinar Vigdel Kolnes, Editor, Oslo
VanEck has asked the SEC to approve the withdrawal of its proposed Lido Staked Ethereum ETF, roughly a year after filing for the product.
VanEck has requested permission from the U.S. Securities and Exchange Commission to withdraw its proposed Lido Staked Ethereum exchange-traded fund before launch, according to Bitcoin.com News.
The request was submitted through a Form RW dated Oct. 14. Matthew Babinsky, vice president at VanEck Digital Assets, asked the regulator to approve the withdrawal.
The move comes roughly a year after VanEck filed for the fund. The brief filing, as described in the report, did not provide a reason for the decision.
Source: Bitcoin.com News
