At least five new US crypto exchange-traded fund applications were filed this week despite the ongoing government shutdown, with VanEck recently filing for the VanEck Lido Staked Ethereum ETF. The ETF will track the performance of stETH, Lido’s liquid staking token, which offers a 3.3% staking yield on deposited ETH.

In other news, 21Shares filed for a leveraged crypto ETF with 2x exposure to the Hyperliquid native token, HYPE. Bloomberg ETF expert Eric Balchunas described the filing as “so niche” but predicted potential growth in the future, highlighting the current rush of crypto ETF filings in the market.

ARK Invest filed for three new Bitcoin ETFs, including the ARK Bitcoin Yield ETF designed to generate income through yield-based Bitcoin strategies. The ARK DIET Bitcoin 1 ETF offers 50% downside protection, while the ARK DIET Bitcoin 2 ETF provides 10% downside protection and additional upside opportunities.

Earlier this week, Volatility Shares filed for new 3x and 5x leveraged ETFs tied to crypto and major US stocks, while VanEck submitted an updated Solana Staking ETF filing with fees at 0.3%. Once the government shutdown ends, there is anticipation for a flood of crypto ETF approvals, as highlighted by industry experts.

Read more at cointelegraph.com: New Crypto ETF Filings Hit SEC Despite Government Shutdown