VanEck Files for Lido Staked Ether ETF in the U.S.
- VanEck submitted documents for a new ETF linked to Lido Staked Ether (stETH).
- The ETF would track the price of stETH, which is based on Ethereum (ETH) ownership.
- Since its launch, users have earned over $2 billion in staking rewards through the Lido protocol.
- Lido currently has more than $34.2 billion in total value locked (TVL), indicating strong market health.
This filing reflects a growing acceptance of liquid staking as a vital component of Ethereum’s infrastructure, according to Kean Gilbert from the Lido Ecosystem Foundation. The U.S. SEC clarified that liquid staking does not constitute securities and hence does not require registration.
The approval of this ETF could further legitimize staked assets in traditional finance, highlighting the intersection of decentralization and institutional standards within the crypto ecosystem. (Source)
