October 2025 Crypto ETF Wave Splits: Commodity S-1s Advance, Staking Funds Stall
- —VanEck pulled its Lido Staked Ethereum ETF via Form RW with zero shares sold
- —Canary XRP and T. Rowe Price Active Crypto ETF remain active through S-1/A amendments
- —REX Shares/Osprey staking filings have seen no updates since October 2025
- —Plain commodity trusts for SOL, XRP and LTC rely on standard custody and benchmarks
Why it matters: The SEC is drawing a line between plain commodity and yield-bearing products, shaping which crypto ETFs reach the US market.
Source: NullTX