Vaneck Lido (LDO) Staked Ethereum (ETH) ETF Trust registers in Delaware, Approval of SEC
Vaneck has taken an early step toward launching a staked Ethereum Exchange-Traded Fund (ETF) by registering a statutory trust for the product in Delaware, a public filing dated on October 2.
The suggested product, named Vaneck Lido Staked Ethereum ETF, will provide exposure to Ether investors in Ether That is staked by Lido, a decentralized protocol that allows users to earn rewards without locking the property themselves.
Registration of trust is a method of first transfer and has not yet represented a formal application of ETF with the Securities and Exchange Commission (SEC).
Lido Dominadtes Ethereum staking, with about $ 38 billion worth of ETH-approximately one-third of all staked ether-currently locked in protocol. It is a major player in the Ethereum-stake system, which allows users to earn produce in their tokens while keeping them liquid through derivative tokens called Steth.
In traditional financial terms, the ETF will operate like a fund holding assets with interest, but instead of bonds or cash, it will hold staked eth. That structure will open up staked crypto to institutional investors who prefer ETF wrap, while eliminating the technical staking barrier directly.
Lido’s management token, LDO, was over 3% in the past 24 hours.
If approved, Vaneck’s product may be the first staked ETH ETF in the US, adding a new layer to the growing competition to the career providers to launch crypto -based funds.
