VanEck has taken its first step toward launching a U.S. staked Ethereum exchange-traded fund by registering a statutory trust for the product in Delaware, according to an October 2 filing.
The proposed “VanEck Lido Staked Ethereum ETF” would allow investors to access returns from ether staked via Lido, the dominant decentralized staking protocol.
Lido currently holds about $38 billion worth of ETH — nearly one-third of all staked ether — and enables users to earn yield while retaining liquidity through derivative tokens known as stETH.
Though registering the trust is a procedural step and not yet an official SEC application, it signals VanEck’s intent to lead in institutional exposure to staked crypto.
The ETF would function like a yield-bearing fund, substituting bonds for staked ETH. Lido’s governance token, LDO, rose over 3% following the news, as investors anticipate growing interest in staked ETH products.
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