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VanEck Files to Launch Staked Solana (SOL) ETF Backed by Liquid Staking Token JitoSOL
NFT Gaming

VanEck Registers Lido (LDO) Staked Ethereum (ETH) ETF Trust in Delaware, Eyes SEC Approval

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VanEck has taken an early step toward launching a staked Ethereum exchange-traded fund (ETF) by registering a statutory trust for the product in Delaware, a public filing dated October 2 shows.

The proposed product, named the VanEck Lido Staked Ethereum ETF, would give investors exposure to ether ETH$4,518.48 that is staked through Lido, a decentralized protocol that lets users earn staking rewards without locking up assets themselves.

Registering the trust is a procedural first move and does not yet represent a formal ETF application with the Securities and Exchange Commission (SEC).

Lido dominadtes Ethereum staking, with about $38 billion worth of ETH — roughly one-third of all staked ether — currently locked in the protocol. It’s a key player in Ethereum’s proof-of-stake system, allowing users to earn yield on their tokens while keeping them liquid via derivative tokens called stETH.

In traditional finance terms, the ETF would operate like a fund that holds interest-bearing assets, but instead of bonds or cash, it would hold staked ETH. That structure would open up staked crypto to institutional investors who prefer the ETF wrapper, while removing the technical barrier of staking directly.

Lido’s governance token, LDO, is up more than 3% over the past 24 hours.

If approved, VanEck’s product could be the first staked ETH ETF in the U.S., adding a new layer to the growing competition among issuers racing to launch crypto-based funds.



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Crypto Trends

SEC Silence Stalls Litecoin ETF Decision as LTC Price Holds Near Monthly Highs

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Litecoin (LTC) remains steady near its monthly highs despite new regulatory setbacks, as the U.S. Securities and Exchange Commission (SEC) failed to act on Canary Capital’s proposed spot Litecoin STF. The deadline passed on Thursday without any update, leaving the much-anticipated product in limbo.

The delay occurs at a crucial time for crypto ETFs, coinciding with a U.S. government shutdown that has hampered financial oversight and added to the complexity of the approval process.

LTC’s price trends to the upside on the daily chart. Source: LTCUSD on Tradingview

SEC Misses Deadline as Litecoin ETF Rules Shift

The SEC was expected to decide on Canary’s application by Thursday, but no update was issued. Analysts observe that the delay may be due not only to the shutdown but also to a broader shift in how crypto ETFs are managed.

Earlier this year, the SEC began phasing out the traditional 19b-4 filing process, which has been historically associated with strict deadlines, in favour of S-1 registration statements.

Bloomberg ETF analysts James Seyffart and Eric Balchunas argue this transition means old deadlines “no longer matter” under the regulator’s evolving framework. Instead, approval timelines may now depend on the SEC’s broader review of new listing standards, making the process less predictable.

Shutdown Complicates ETF Reviews

The U.S. government shutdown is intensifying the delays. Although the SEC continues with limited operations, its contingency plan, published in August, confirmed that reviewing new financial products, including ETF filings, would be paused during a shutdown.

This has left Canary’s Litecoin ETF, along with several other altcoin-based products, in a holding pattern.

Pending applications for Litecoin, Solana, XRP, Cardano, Avalanche, and Dogecoin ETFs are among those affected. These would build on the success of spot Bitcoin and Ethereum ETFs, which have already attracted more than $74 billion in inflows.

However, Litecoin faces additional scrutiny, as its regulatory classification remains less clear than Bitcoin’s status as a commodity.

Litecoin Price Remains Resilient

Despite the regulatory uncertainty, Litecoin’s price has stayed resilient. At the time of writing, LTC was trading around $118, approaching a two-month high of $122.

Analysts suggest that if the token can surpass resistance near $121, a new rally might be triggered. The consistent upward trend indicates investor confidence that approval is more a matter of timing rather than rejection.

Market observers describe the SEC’s silence as more of a “rain delay” than a denial. Once the shutdown concludes and new listing standards are fully implemented, analysts expect the ETF decision process to speed up.

Cover image from ChatGPT, LTCUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Crypto ETFs
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Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown

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The US government shutdown has significantly slowed operations across various federal agencies, including the Securities and Exchange Commission (SEC), which was expected to begin the approval process for long-awaited spot crypto ETFs.

For the fourth consecutive time, spending proposals intended to reopen the government have been rejected by lawmakers from both parties, pushing the shutdown into next week. 

Spot Crypto ETFs On Hold

As reported by Crypto In America, during a government shutdown, while the SEC retains the ability to act on urgent matters such as fraud and market emergencies, much of its routine work is halted. 

This includes delays in processing initial public offerings (IPOs), exchange-traded funds (ETFs), and other filings, as well as pausing rulemaking efforts. 

With spot crypto ETFs requiring formal approval from the SEC’s Division of Corporation Finance before they can commence trading, product launches for assets like Litecoin (LTC), Solana (SOL), and XRP are now likely on hold until government funding is restored.

However, altcoin prices saw a significant recovery on Friday, with LTC, SOL and XRP surging by 17%, 16% and 9% respectively over the past seven days. This aligns with the broader crypto market recovery, led by Bitcoin (BTC)’s surge to near record highs.

New Generic Listing Standards

“It’s like a rain delay,” Bloomberg ETF expert Eric Balchunas told Crypto In America,  highlighting the frustration felt by the industry as they await clarity on the SEC’s operations. An SEC spokesperson also confirmed that the shutdown has hindered their ability to respond to press inquiries.

The current challenges follows the SEC’s decision for crypto ETF issuers to withdraw their 19b-4 filings. This, on the heels of the approval of generic listing standards that obviate the need for individual filings; as a result, crypto ETFs could potentially go effective on a rolling basis once the shutdown concludes. 

The daily chart shows the total crypto market cap valuation near record highs. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Will Dogecoin price hit $1 if the SEC approves DOGE ETF this month?
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Will Dogecoin price hit $1 if the SEC approves DOGE ETF this month?

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Dogecoin price has bounced back in the past few days as investors bought the recent dip after it bottomed at a crucial support level in September.

Summary

  • Dogecoin price has rebounded after falling to a crucial support level. 
  • The SEC is expected to approve the Grayscale and Bitwise DOGE ETFs this month. 
  • DOGE will likely not hit the resistance at $1 in the near term. 

Dogecoin (DOGE) rose to $0.2630, up 16% from its lowest level in September. This article explores whether it will jump to $1 if the Securities and Exchange Commission approves spot DOGE ETFs later this month.

Dogecoin price may rally ahead of spot ETF approval

DOGE price could be on the cusp of a strong bullish breakout as the Securities and Exchange Commission nears its decision on two exchange-traded funds by Grayscale and Bitwise.

Analysts, including Bloomberg’s Eric Balchunas, expect that the agency will approve most of the applied ETFs. He cited the recently released generic standards list, which includes the details that it will look at during the approvals. 

One of the criteria is the availability of a regulated futures product. Dogecoin futures already exist, raising the odds of an approval.

Also, the agency has already approved the spot DOGE ETF under the Investment Company Act of 1944. That fund, whose ticker is DOJE, was listed in September and has accumulated over $21 million in assets. 

Its success suggests that the other funds could be more successful because they will likely have a lower expense ratio.

Dogecoin price will also benefit from the ongoing Uptober rally that has boosted other cryptocurrencies.

Will DOGE price hit $1?

Dogecoin price chart | Source: crypto.news

The daily timeframe chart shows that the Dogecoin price bottomed at $0.2200 in September and then bounced back to $0.2631. Its lowest level coincided with the lower side of the ascending channel.

The coin has now moved above the 50-day and 100-day Exponential Moving Averages. Moving above these levels is a highly bullish sign as it means that bulls are gaining control.

Therefore, the most likely scenario is that the coin continues rising as bulls target the year-to-date high of $0.3088, which is about 20% above the current level.

For DOGE to reach $1, the price would need to rise by more than 250% from the current level. This surge will likely not happen, as it is in the process of forming a rising wedge pattern. A rising wedge is made up of two ascending and converging trendlines, with a breakdown happening when these lines near their confluence.



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Government Shutdown Delays Sec Decision On Canary Litecoin Etf
Crypto Trends

Government Shutdown Delays SEC Decision on Canary Litecoin ETF

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The U.S. Securities and Exchange Commission (SEC) missed its October 2 deadline to decide on Canary Capital’s proposed spot Litecoin (LTC) exchange-traded fund (ETF), leaving investors and the crypto market uncertain. The agency has not issued any public comment explaining the delay.

Earlier this year, the SEC asked firms to withdraw their 19b-4 filings, which had been used for exchange rule changes, in favor of S-1 registration statements for ETF approval. Canary withdrew its 19b-4 application on September 25, following the SEC’s instructions. 

FOX News reporter Eleanor Terrett noted, “Since the generic listing standard went into effect and the agency asked issuers and partner exchanges to withdraw their 19b-4s, I’m told the deadlines technically no longer matter.”

Analysts say this regulatory shift makes the old 19b-4 deadlines less relevant, but it adds uncertainty to the approval process for crypto ETFs, which are already under increased scrutiny.

Government shutdown complicates approval

The SEC outlined in August that during a federal government shutdown, it would “not review and approve applications for registration.” 

This includes new financial products, self-regulatory organization rule changes, and accelerated registration statements. While the SEC continues to operate with limited staff, this has slowed the review of new ETF applications, including Canary’s Litecoin proposal.

Litecoin market update

Litecoin is currently trading at $116.51, down 2.41% in the last 24 hours. It is ranked #19 by market capitalization, which stands at $8.89 billion, up 2.25% for the day. Its 24-hour trading volume is $1.15 billion, down 13.47%, as per CoinMarketCap data.

Broader crypto ETF landscape

Canary’s ETF is just one of several altcoin funds being reviewed in the U.S., with proposals for Solana, XRP, Avalanche, Cardano, Chainlink, and Dogecoin also in the works. Meanwhile, Bitcoin and Ethereum spot ETFs have already drawn over $74 billion, showing that institutional investors remain heavily interested in crypto.

Top asset managers like Fidelity, Franklin Templeton, and Bitwise have submitted updated S-1 filings for spot Solana ETFs, some featuring staking options. Analysts expect the SEC could give approval to some of these ETFs by mid-October.

The SEC’s delay highlights the challenges of crypto regulation in the U.S., where procedural changes and limited staffing during a government shutdown leave issuers and investors waiting for clarity.

Also Read: 21Shares SUI and Polkadot ETFs Near SEC Approval After DTCC Listing



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SEC silent on Canary Litecoin ETF Amid Uncertainties
Crypto Trends

SEC silent on Canary Litecoin ETF Amid Uncertainties

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Canary Capital’s spot Litecoin exchange-traded fund is in limbo after the US Securities and Exchange Commission took no action on Thursday, the original deadline for it to make a decision.

The SEC’s silence has left the crypto community uncertain about how the regulator will function amid a federal government shutdown and how its new generic listing standards would affect the timelines of dozens of crypto ETF applications awaiting approval.

Bloomberg ETF analyst James Seyffart and FOX News reporter Eleanor Terrett noted that the old 19b-4 deadlines for crypto ETF applications may no longer be relevant, as the SEC has asked applicants to withdraw them, leaving the S-1 registration statement as the sole document requiring regulatory approval.

Source: Eleanor Terrett

However, overshadowing that is another layer of uncertainty surrounding the government shutdown.

In August, the SEC posted an “Operation Plan” in the event of a government shutdown, stating it would “not review and approve applications for registration.” This includes new financial products, self-regulatory organization rule changes, and reviewing or accelerating the effectiveness of registration statements.

It is unclear whether the SEC’s silence on Canary’s spot Litecoin ETF is solely due to the government shutdown or whether it is also a result of the new generic listing standards, which would render the 19b-4 deadline irrelevant.

Canary withdrew its 19b-4 last week, complicating the matter

Canary withdrew its 19b-4 application on Sept. 25 at the SEC’s request, which may have been a contributing factor to the SEC not deciding on Thursday. It is unclear what impact the 19b-4s will have on applicants who haven’t withdrawn that document.

pic.twitter.com/FmbMfWWaqe

— Litecoin (@litecoin) October 2, 2025

Cointelegraph reached out to the SEC and Canary for comment, but didn’t receive an immediate response.

SEC still open, but in limited capacity

In light of the government shutdown on Wednesday, the SEC stated that it would continue to operate, but with a “very limited” number of staff members available. 

The SEC said its Electronic Data Gathering, Analysis and Retrieval (EDGAR) database would remain operational.

Altcoins look to add to $75 billion spot crypto ETF market in US

The market has been bracing for potential approval of several new spot crypto ETFs — including LTC and Solana (SOL) to XRP (XRP), Avalanche (AVAX), Cardano (ADA), Chainlink (LINK) and Dogecoin (DOGE).

Related: House Republicans to probe Gary Gensler’s deleted texts

Any approval would add to the US spot Bitcoin (BTC) and Ether (ETH) ETFs currently available, which have attracted $61.3 billion and $13.4 billion in inflows since their launch last year.

Despite the setbacks, Bloomberg ETF analyst Eric Balchunas said on Monday that the SEC’s new listing standards have bumped the odds of some spot crypto ETF approvals to 100%.

The listing standards are expected to streamline the process under Rule 6c-11, significantly reducing approval timelines, which typically take up to 240 days.

SEC Chair Paul Atkins said the new listing standards will reduce barriers to accessing digital asset products and offer investors more choice.

Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?





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NFT Gaming

BlackRock’s Bitcoin Premium Income ETF Heads To Nasdaq In SEC Filing

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Nasdaq has filed paperwork with the US Securities and Exchange Commission to list the BlackRock iShares Bitcoin Premium Income ETF, a product designed to generate income by selling options on bitcoin-linked holdings.

The proposal was submitted on September 30, 2025, and the SEC has opened a comment period as part of its review.

Trust Holdings And Structure

According to the Nasdaq filing, the Trust will hold primarily bitcoin, shares of BlackRock’s iShares Bitcoin Trust (IBIT), cash, and the premiums earned from written options on IBIT or on indices that track spot bitcoin ETPs.

The product is described as an actively-managed exchange-traded product that the sponsor intends to be treated as a publicly-traded partnership for US federal tax purposes.

BlackRock iShares Bitcoin Premium Income ETF filing. Source: Nasdaq

The filing also sets a minimum of 80,000 Shares required to be outstanding at commencement, and lists trading hours from 4:00 a.m. to 8:00 p.m. ET. BlackRock’s move follows a wider push by asset managers to offer income-style crypto products.

Reports have disclosed that the new ETF would collect premiums by writing covered calls, a strategy meant to produce regular distributions for investors who want yield rather than pure price exposure.

Source: BlackRock

Analysts quoted in market coverage say the approach limits upside in strong rallies but can smooth returns when bitcoin moves sideways or down.

How The Covered-Call Strategy Works

Covered calls are straightforward in concept but not without risk. The Trust would hold IBIT and bitcoin while selling call options against those holdings to collect premiums.

If the calls are exercised early, the filing says IBIT shares may be delivered out to the options clearer; certain OTC options would be cash-settled.

That mix of physical holdings and options income is intended to create a yield-focused product that behaves differently from a spot ETF.

BTCUSD trading at $118,601 on the 24-hour chart: TradingView

Market watchers note this is not BlackRock’s first bitcoin product. Based on reports, IBIT has already become a major vehicle for US investors since its launch, reaching large asset levels quickly and helping to normalize bitcoin exposure inside regulated funds.

That track record likely makes it easier for BlackRock to pitch a second, income-focused offering to both retail and institutional audiences.

Regulatory Steps

The next steps are procedural but important. The SEC’s notice solicits public comments and will consider whether the proposed listing satisfies Nasdaq’s Rule 5711(d) and investor-protection standards.

If the SEC requires changes — for example on disclosure around OTC options or daily NAV dissemination — Nasdaq and BlackRock would have to respond before trading can begin.

Featured image from Finance Feeds, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Lost Texts Spur Oversight Inquiry Into Former SEC Chair Gary Gensler

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In brief

  • House Republicans have informed current SEC Chair Paul Atkins that they’re investigating the loss of nearly a year of text messages from former Chair Gary Gensler’s smartphone.
  • Last month, the Office of the Inspector General report found IT staff failures and poor policies led to the permanent deletion of messages from October 2022 through September 2023.
  • Coinbase CLO Paul Grewal tweeted that a district court has ordered all parties to appear on October 8 to address the deletion of the texts.

Nearly a year of text messages from former Securities and Exchange Commission Chair Gary Gensler were permanently deleted due to agency errors, prompting House Republicans to launch an oversight investigation into regulatory lapses.

Four Republican committee chairs, including House Financial Services Committee Chairman French Hill, informed current SEC Chair Paul Atkins that Congress is investigating the loss of Gensler’s communications from October 2022 through September 2023, spanning the agency’s most aggressive enforcement push against crypto firms, in a letter sent Tuesday.

“It appears that former Chair Gensler held companies to a standard that his own agency did not meet,” the letter says, noting the SEC collected over $400 million in fiscal year 2023 alone from firms for recordkeeping violations.

Gensler’s smartphone stopped syncing with the agency’s device management system on July 6, 2023, though it “otherwise functioned normally and was used regularly, according to the Office of the Inspector General report released last month.

Despite repeated warnings flagging the device as inactive every two weeks, IT staff took no action for 62 days, the lawmakers’ letter pointed out.

The House letter notes that while former Chair Gensler’s staff claimed he “usually texted for administrative reasons,” the IG review found “multiple instances of substantive, mission-related communications between Gensler, his staff, his fellow Commissioners, and other senior officials.

“The district court just ordered everyone to appear on October 8 to address the destruction of documents by the Gensler @SECGov as detailed by its own inspector general,” Coinbase CLO Paul Grewal tweeted on Tuesday. “We appreciate the Court’s attention to this matter.”

The district court just ordered everyone to appear on October 8 to address the destruction of documents by the Gensler @SECGov as detailed by its own inspector general. We appreciate the Court’s attention to this matter. pic.twitter.com/g5J1i8VLjq

— paulgrewal.eth (@iampaulgrewal) September 30, 2025

Gensler’s crypto crackdown

The missing communications span a period when Gensler launched an industry-wide regulatory assault following FTX’s November 2022 collapse.

Under his leadership, the SEC insisted the crypto industry’s business model was “built on non-compliance,” with Gensler declaring in a June 2023 CNBC interview, “we don’t need more digital currency” beyond the U.S. dollar.

He compared the crypto sector to “the 1920s before federal securities laws were put in place,” calling participants “hucksters, fraudsters, scam artists” running “Ponzi schemes.”

The agency authorized over 100 enforcement actions against crypto firms during this period, targeting major exchanges including Coinbase, Kraken, and Binance.

Last month, through a third-party research firm, History Associates, Coinbase requested sanctions against the SEC, calling the agency’s “destroy-and-delay approach to records” cause for “irreparable harm.”

In 2013, while Gensler served as Chair of the Commodity Futures Trading Commission, that agency’s Inspector General criticized him for conducting official business through his personal email account, the letter pointed out.

Republicans are now coordinating with the Inspector General to examine whether other senior officials’ communications were similarly lost and whether the agency’s internal controls adequately protect federal records.

The SEC has undergone a transformation under the Donald Trump administration, with the President appointing Paul Atkins, a crypto advocate and former SEC commissioner, to replace Gensler.

Atkins was confirmed in April and has launched “Project Crypto,” a sweeping initiative to relax regulations on digital assets.

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Republicans Launch Inquiry Into Gary Gensler’s Lost Sec Texts
GameFi Guides

Republicans Launch Inquiry into Gary Gensler’s Lost SEC Texts

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House Republicans have formally notified US Securities and Exchange Commission (SEC) Chair Paul Atkins that they are investigating the loss of text messages from former SEC Chair Gary Gensler during his tenure, amid concerns over the handling of official records.

In the official letter sent by the Republicans on September 30, 2025, they said that they are working with the SEC’s Office of Inspector General (OIG) to learn more about the deleted text messages of former SEC Chair Gary Gensler.

Earlier on September 3, the SEC’s  OIG had released a report titled “Special Review: Avoidable Errors Led to the Loss of Former SEC Chair Gary Gensler’s Text Message”. According to the report, on July 6, 2023, former Chair Gensler’s “smartphone stopped communicating with the SEC’s mobile device management system.” 

Even though the phone “worked normally and was used often, the SEC’s mobile device management system thought the phone was “inactive” for 62 days. The problem was brought up many times, but OIT staff did nothing to look into or fix it.

OIT instituted a “new policy of remotely wiping any SEC mobile device that did not

communicate with the mobile device management system for at least 45 days.”

Gensler’s phone was eventually wiped on September 6, 2023, well past the policy’s 45-day threshold.

Since there had been no backup since October 18, 2022, the factory reset erased all data, including text messages. The OIG attempted to recover the messages using forensic methods but was unable to retrieve everything. To partially restore the records, SEC staff compiled a list of 34 internal contacts they believed Gensler had communicated with.

However, this list did not include other commissioners, and Gensler staff were not involved in making it. Many think that the deleted messages contained important conversations between Gensler, commissioners, senior officials, and staff that went beyond just coordinating administrative tasks.

Crypto giants vocalize criticism 

This incident has raised fresh concerns about the way agencies deal with sensitive information, especially records of high-ranking officials. Critics have also alleged that the SEC has a double standard because it has punished outside groups for breaking recordkeeping rules, but hasn’t done anything to protect its own leaders’ digital communications.

Earlier, on September 11, Coinbase had also asked a federal court in Washington to punish the regulator. The exchange said this after the OIG released its report on September 3. 

Further, Tyler Winklevoss, Co-Founder of Gemini, criticized Gary Gensler following his September 18 interview on CNBC. In the interview, Gensler highlighted that the SEC handled nearly 100 fraud cases during his tenure and emphasized his strict approach to cryptocurrency, aimed at protecting investors. Winklevoss argued that Gensler’s methods have made it more difficult for the crypto industry to grow and innovate.

Also Read: SEC Meets NYSE and ICE to Discuss Rules and Tokenized Stocks



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SEC on Track to Allow Stocks to Trade Like Crypto
NFT Gaming

SEC on Track to Allow Stocks to Trade Like Crypto

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According to a recent report by The Information, the U.S. Securities and Exchange Commission (SEC) is considering allowing blockchain-based versions of popular stocks (for instance, Tesla or Nvidia) to trade on popular exchanges. 

The tokenized versions of stocks would be available for trading on approved cryptocurrency platforms. 

However, it is worth noting that the novel and innovative idea is still in the early stages, meaning that there is no guarantee that it will end up being implemented. 

Recently, SEC Commissioner Hester Peirce stated that the regulator was willing to work with tokenized initiatives. 

xStocks (with disclaimers) 

Meanwhile, several cryptocurrency exchanges already offer xStocks. Kraken launched tokenized equities on Solana earlier this year. The offering includes popular stocks (such as Tesla) as well as some ETFs. It was later expanded to BNB Chain. 

In September, Kraken brought its tokenized equities offering to the Ethereum mainnet. 

KuCoin and Bybit have also launched xStocks on their respective platforms. 

However, it is worth noting that many of these offerings are not currently available in the US. Moreover, there are some concerns about ownership and rights since token holders do not have full shareholder rights. 

Hence, the SEC’s formal approval for tokenized stocks could potentially end up being a game-changer for the budding market niche. It would essentially turn these stocks into a regulated securities product, and U.S.-regulated broker dealers would be able to offer them.



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