[25-NSE] VanEck Low Carbon Energy ETF SEC Filing

Rhea-AI Filing Summary

Nasdaq Stock Market LLC has filed a Form 25 with the U.S. SEC to remove the VanEck Green Infrastructure ETF from listing and registration under Section 12(b) of the Exchange Act. The exchange checked rule 17 CFR 240.12d2-2(a)(2) as the basis for the action, certified compliance with all requirements, and authorized the filing on 23 June 2025, signed by AVP Tara Petta. No financial or operational data about the ETF is provided in the filing. Investors should note that once the Form 25 becomes effective, the fund’s shares will no longer trade on Nasdaq unless the issuer arranges an alternative venue.

Positive

• None.

Negative

• Formal delisting of VanEck Green Infrastructure ETF from Nasdaq eliminates on-exchange liquidity and may impair price transparency for investors.

Insights

Exchange Regulation Specialist

TL;DR: Nasdaq is formally delisting VanEck Green Infrastructure ETF; negative liquidity impact for current shareholders.

This Form 25 is a short, procedural filing confirming that Nasdaq will strike the ETF from its listings pursuant to Rule 12d2-2(a)(2). Delisting typically occurs 10 days after filing effectiveness, eliminating on-exchange liquidity and market-maker support. While the filing does not state the reason—such as merger, closure, or transfer—holders face potential widening spreads if trading moves to the over-the-counter market. Absence of replacement exchange information heightens uncertainty. Overall, the action is materially negative for near-term tradability and valuation transparency.

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

333-123257

Issuer:	VanEck ETF Trust
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	666 Third Avenue, 9th Floor
	New York	NEW YORK	10017
Telephone number:					2,122,932,048

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

VanEck Green Infrastructure ETF

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-06-23	By	Tara Petta		AVP
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Nasdaq file for the VanEck Green Infrastructure ETF (SMOG)?

Nasdaq submitted Form 25 to remove the ETF from listing and registration under Section 12(b) of the Exchange Act.

Which rule was cited to justify the delisting of SMOG?

The exchange relied on 17 CFR 240.12d2-2(a)(2) as indicated in the filing.

When was the Form 25 for SMOG signed?

The notification was signed on 23 June 2025 by AVP Tara Petta on behalf of Nasdaq.

Does the filing explain why SMOG is being delisted?

No. The document only states compliance with Rule 12d2-2(a)(2) and provides no additional rationale or financial details.

What happens to SMOG shares after delisting?

Once effective, the ETF’s shares will no longer trade on Nasdaq; trading may shift to OTC markets unless another exchange is arranged.