Ethereum

Bitcoin 2

Hyperliquid

There has been a recent flurry of activity for US crypto exchange-traded funds this week, with at least five new product applications filed with the US Securities and Exchange Commission despite the ongoing government shutdown.&nbsp;
The most recent development came from VanEck, which <a href="https://www.sec.gov/Archives/edgar/data/2091159/000162828025045249/vanecklidostakedethereumet.htm" rel="noopener noreferrer nofollow" target="_blank">filed</a> an S-1 form with the SEC on Thursday for the VanEck Lido Staked Ethereum ETF, which will track the performance of stETH, Lido’s liquid staking token.
As a result of the protocol-based liquid staking activities underlying stETH, “the trust expects to accrue certain staking rewards through its ownership of stETH,” it stated.&nbsp;
VanEck took early steps toward launching the product by registering a statutory trust in Delaware on Oct. 2.
stETH is a liquid staking token that represents deposited Ether (<a href="/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>) plus any staking rewards that accrue, allowing holders to earn yields while maintaining liquidity.
Lido is the <a href="https://cointelegraph.com/news/ethereum-staking-institutional-demand-lido-steth" rel="noopener noreferrer nofollow">largest</a> liquid staking platform with almost 8.5 million ETH worth around $33 billion staked. It currently offers a 3.3% staking yield on deposited ETH.&nbsp;
<figure><img src="https://s3.cointelegraph.com/uploads/2025-10/0199f0ba-8162-7ac2-8d13-94a382006f64" title="" alt="‘ETFtober’ gets bigger, more than 5 new crypto ETFs filed this week">
 <figcaption style="text-align: center;">Lido has the lion’s share of staked Ether. Source: <a href="https://dune.com/LidoAnalytical/Lido-Finance-Extended" rel="noopener noreferrer nofollow" target="https://dune.com/LidoAnalytical/Lido-Finance-Extended">Dune Analytics</a>
 </figcaption>
</figure>
<h2 id="leveraged-hyperliquid-etf">Leveraged Hyperliquid ETF</h2>
Meanwhile, ETF issuers are concocting more exotic products under the new SEC leadership. However, the US government shutdown, which has now lasted for 17 days, has seemingly frozen all decision-making.&nbsp;
Related: <a href="https://cointelegraph.com/news/october-etf-month-16-crypto-etfs-final-sec-deadlines" rel="noopener noreferrer nofollow">October is ‘ETF month’ as 16 crypto funds await final decision</a>
21Shares <a href="https://www.sec.gov/Archives/edgar/data/1683471/000089418925011382/a21shareshype485a.htm" rel="noopener noreferrer nofollow" target="_blank">filed</a> for a leveraged crypto ETF with 2x exposure to the <a href="https://cointelegraph.com/news/hyperliquid-now-allows-builders-to-deploy-perpetual-futures-contracts" rel="noopener noreferrer nofollow">Hyperliquid</a> native token, HYPE, on Thursday. The leverage applies only to the single-day performance of the token, instead of extended periods.
Bloomberg ETF expert Eric Balchunas <a href="https://x.com/EricBalchunas/status/1978994636128497745" rel="noopener noreferrer nofollow" target="_blank">described</a> the filing as “so niche… but then you could look up in 3-4 years it’s got a few billion.”&nbsp;
It’s “just a total land rush right now,” he said regarding the current slew of crypto ETF filings.&nbsp;
<h2 id="ark-invest-s-new-btc-offerings">ARK Invest’s new BTC offerings&nbsp;</h2>
<a href="https://cointelegraph.com/news/cathie-wood-hyperliquid-solana-bitcoin-ark-crypto-strategy" rel="noopener noreferrer nofollow">Cathie Wood’s</a> ARK Invest <a href="https://www.sec.gov/Archives/edgar/data/1579982/000121390025098865/ea0261089-01_485apos.htm" rel="noopener noreferrer nofollow" target="_blank">filed</a> for three new Bitcoin ETFs on Tuesday.&nbsp;
The ARK Bitcoin Yield ETF is designed to generate income through yield-based Bitcoin strategies, including selling options and collecting premiums.
The ARK DIET Bitcoin 1 ETF <a href="https://www.sec.gov/Archives/edgar/data/1579982/000121390025098860/ea0261086-01_485apos.htm" rel="noopener noreferrer nofollow" target="_blank">offers</a> 50% downside protection while allowing investors to participate in the upside after a 5% increase in Bitcoin’s price each quarter. The ARK DIET Bitcoin 2 ETF provides 10% downside protection and allows additional upside once Bitcoin trades above its starting price for the quarter.
<h2 id="other-crypto-etf-news">Other crypto ETF news</h2>
Earlier this week, Volatility Shares filed for a new range of 3x and 5x leveraged ETFs tied to crypto and major US stocks on Tuesday, <a href="https://x.com/EricBalchunas/status/1978228260355133809" rel="noopener noreferrer nofollow" target="_blank">reported</a> Balchunas.&nbsp;
On Wednesday, VanEck submitted an updated Solana Staking ETF filing with fees at 0.3%, <a href="https://x.com/JSeyff/status/1978184844048789638" rel="noopener noreferrer nofollow" target="_blank">reported</a> Bloomberg ETF analyst James Seyffart.
“Once [the] government shutdown ends, spot crypto ETF floodgates open … Ironic that growing fiscal debt and usual political theater holding these up. Exactly what crypto is targeting,” <a href="https://x.com/NateGeraci/status/1977551870785880370" rel="noopener noreferrer nofollow" target="_blank">said</a> Nova Dius President Nate Geraci earlier this week.&nbsp;
Magazine: <a href="https://cointelegraph.com/magazine/binance-south-korea-morgan-stanley-security-tokens-japan-asia-express/" rel="noopener noreferrer nofollow">Binance shakes up Korea, Morgan Stanley’s security tokens in Japan: Asia Express</a>

‘ETFtober’ gets bigger, more than 5 new crypto ETFs filed this week

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