Staked Ethereum ETF Could Emerge as VanEck, 21Shares and ARK File New Crypto ETF Applications

Published: October 17, 2025 · Updated: October 17, 2025 · COINOTAG

• Five new crypto ETF filings reached the SEC this week, including VanEck’s Lido‑staked Ethereum product.

• 21Shares filed a niche 2x leveraged fund tied to the Hyperliquid token HYPE; ARK filed three new Bitcoin ETFs focused on yield and downside protection.

• Lido now represents almost 8.5 million ETH staked (~$33 billion); the platform reports a ~3.3% staking yield, which underpins stETH‑based product economics.

Crypto ETF filings surge despite the US government shutdown — VanEck, ARK and 21Shares filed new ETF proposals; read the breakdown and investor implications with expert commentary.

What are the recent crypto ETF filings in the US?

Crypto ETF filings this week include VanEck’s S‑1 for a Lido staked‑Ethereum ETF tracking stETH, 21Shares’ 2x leveraged Hyperliquid ETF proposal, and three ARK Invest Bitcoin ETFs focused on yield and downside protection. These applications were submitted to the US Securities and Exchange Commission during an active filing window despite a temporary government shutdown.

How does VanEck’s Lido Staked Ethereum ETF propose to work?

VanEck’s filing indicates the fund will hold stETH, a liquid staking token representing deposited Ether plus accrued staking rewards. The trust expects to accrue staking rewards via stETH ownership, which would flow into NAV and performance calculations. Lido is the largest liquid staking provider, with nearly 8.5 million ETH staked — approximately $33 billion in market value — and an advertised staking yield near 3.3%. These figures are reported by Dune Analytics and disclosed in issuer filings and public statements.

Lido has the lion’s share of staked Ether. Source: Dune Analytics

Frequently Asked Questions

Will the US government shutdown delay SEC approvals for crypto ETFs long term?

The shutdown has paused routine SEC rule‑making and approvals, creating short‑term delays. However, filings remain on file and will be processed when agency operations resume. Historical precedent shows approvals resume quickly after staffing returns; the substantive timelines depend on the SEC’s review cadence and any requested amendments.

How should investors think about leveraged crypto ETFs in plain terms?

Leveraged crypto ETFs seek to amplify a token’s single‑day returns (for example, 2x exposure to HYPE). They are designed for short‑term tactical use and typically reset daily, making them unsuitable for long‑term buy‑and‑hold strategies due to compounding and volatility drag.

Key Takeaways

• Active filing environment: Multiple issuers — VanEck, ARK Invest, 21Shares and others — filed ETF proposals this week, signaling continued product innovation.
• Staking and leverage are central themes: Proposals include a stETH‑based ETF and single‑day leveraged funds, reflecting issuer interest in staking exposure and structured leverage.
• Regulatory timing is procedural: The government shutdown paused approvals but did not halt filings; decisions will follow once SEC operations normalize.

Conclusion

Issuers accelerated crypto ETF filings this week, proposing products tied to stETH staking, leveraged native tokens and structured Bitcoin strategies. Authoritative data cited in filings and reporting — including Dune Analytics and public statements from market analysts — show meaningful asset concentrations and defined yield assumptions. COINOTAG will continue monitoring SEC activity and issuer amendments as the agency resumes full operations; revisit this report for updates and detailed fund documentation summaries.

Sources referenced (plain text): US Securities and Exchange Commission filings; Dune Analytics; Bloomberg commentary by Eric Balchunas and James Seyffart; market commentary from Nate Geraci and Nova Dius.