This week, dubbed "ETFtober," has seen a significant wave of cryptocurrency ETF filings submitted to the U.S. Securities and Exchange Commission (SEC), despite an ongoing 17-day U.S. government shutdown that has delayed regulatory decisions. At least five new filings were made, highlighting continued institutional appetite for crypto investment products.
VanEck filed an S-1 form on Thursday for the VanEck Lido Staked Ethereum ETF, which aims to track the performance of stETH, Lido's liquid staking token, and accrue staking rewards. Lido currently manages 8.5 million ETH, valued at approximately $33 billion, with a staking yield of 3.3%.
ARK Invest submitted three new Bitcoin ETF applications on Tuesday, including the ARK Bitcoin Yield ETF designed to generate income through options strategies, and two DIET Bitcoin ETFs offering downside protection—50% for DIET Bitcoin 1 and 10% for DIET Bitcoin 2—in exchange for limited upside participation.
21Shares filed for a leveraged ETF providing 2x daily exposure to the Hyperliquid native token HYPE, while Volatility Shares proposed 3x and 5x leveraged ETFs tied to cryptocurrencies and major U.S. equities. VanEck also updated its Solana Staking ETF filing, lowering the proposed fee to 0.3%.
Bloomberg ETF expert Eric Balchunas described the trend as a "real gold rush," and Nate Geraci, president of Nova Dius, noted that once the shutdown ends, "spot crypto ETF floodgates open." The filings underscore growing demand for niche and risk-managed crypto products, even amid regulatory uncertainty.
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