VanEck initially filed an S-1 registration statement for the exchange-traded fund in October of last year.
Asset manager VanEck said it no longer plans to move forward with its proposed Lido Stacked Ether exchange-traded fund, shelving the product to give investors exposure to liquid stacking tokens.
In an SEC filing on Wednesday, VanEck Digital Assets said It “does not intend to proceed with the planned distribution” of the trust’s shares. He did not specify what prompted the decision or whether VanEck would pursue a replacement product.
VanEck initially filed the fund’s S-1 registration statement on October 16, 2025. Lido will hold staked Ether (stETH) in the proposed fund and expect to earn some staking rewards through ownership of stETH.
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