VanEck Moves to Launch Staked Ethereum ETF with Delaware Trust Registration
- VanEck registered a statutory trust for the ETF in Delaware on October 2.
- The proposed product, named the VanEck Lido Staked Ethereum ETF, will provide exposure to staked Ethereum (ETH), currently priced at $4,005.03.
- Lido holds approximately $38 billion worth of ETH, accounting for one-third of all staked ether.
- The ETF aims to attract institutional investors by simplifying access to staking rewards without direct involvement.
- Lido’s governance token, LDO, has increased by over 3% in the last day.
If approved, this could be the first staked ETH ETF in the U.S., enhancing competition among crypto fund issuers. The structure allows investors to earn yield on their tokens while maintaining liquidity through derivative tokens called stETH.
With about $38 billion worth of ETH locked in Lido, VanEck’s initiative represents a significant step towards integrating staking into traditional finance via ETFs.
