Lido Staked Ether
Why Lido Staked Ether is up 1.1% in the last hour
Analysis
Lido Staked Ether (STETH) rose 1.1% over the past hour, moving broadly in line with ETH given STETH’s close peg to Ether. This came despite a potentially negative headline: Cointelegraph reported that VanEck is seeking to withdraw its application for a Lido staked Ether ETF, which may have had limited immediate impact on spot pricing in this short timeframe.
Contributing Factors (1)
VanEck seeks to withdraw application for Lido staked Ether ETF
VanEck initially filed an S-1 registration statement for the exchange-traded fund in October last year.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.