Following the US budget crisis, the budget bill was not approved and the US government officially closed.
The government closure is expected to affect Bitcoin (BTC), cryptocurrency and financial markets, but it is also said to delay Altcoinetf’s decision.
At this point, the SEC has made no decision yesterday, even if there was a deadline for the Spot Litecoin ETF application.
Analysts said the deadline for the ETF application is currently out of date, and cryptocurrency journalist Eleanor Terrett said the SEC must approve the S-1 document, but it is currently operating with a limited number of staff.
The SEC has not decided on ETF applications due to shutdown, but a new ETF application is coming.
At this point, Vaneck, one of the leading US asset managers, applied for and officially registered for the Vaneck Lido Staked Ethereum ETF in Delaware on October 2, 2025.
Such registrations usually indicate that the fund manager is preparing to file an S-1 registration with the Securities and Exchange Commission. Registration does not automatically mean that the fund manager has received SEC approval.
This move by Vanek shows its aim to bring Ethereum staking products to a wider investor base.
This application is also an early and important step towards widespread adoption of staking products in regulated markets.
Vaneck’s application is also reflected in the price of Lido Dao (LDO), with LDO prices rising 4% in the past 24 hours.
*This is not investment advice.
