Following the budget crisis in the US, the budget bill failed to receive approval and the US government officially shut down.
While the government shutdown is expected to have an impact on Bitcoin (BTC) and the cryptocurrency market as well as financial markets, it is also stated that it will delay altcoinETF decisions.
At this point, the SEC has not made any decision, even though the deadline for the spot Litecoin ETF application was yesterday.
Analysts stated that the deadlines for ETF applications have now expired, while cryptocurrency journalist Eleanor Terrett stated that the SEC needs to approve the S-1 documents, but the institution is currently operating with limited staff.
While the SEC has not made a decision on ETF applications due to the shutdown, new ETF applications are coming.
At this point, VanEck, one of the leading asset managers in the USA, applied for and officially registered the VanEck Lido Staked Ethereum ETF in the state of Delaware on October 2, 2025.
Such a registration typically signals that a fund manager is preparing to file an S-1 registration with the U.S. Securities and Exchange Commission. Registration does not automatically mean that the fund manager has received SEC approval.
This move by VanEck indicates that it aims to bring its Ethereum (ETH) staking products to a wider investor base.
This application also represents an early but important step towards the widespread adoption of staking products in regulated markets.
VanEck's application was also reflected in the price of Lido DAO (LDO), and the LDO price increased by 4 percent in the last 24 hours.
*This is not investment advice.