VanEck submits application for Lido Staked Ethereum ETF

ChainCatcher news, according to official sources, ETF issuer VanEck has submitted an S-1 registration application for the "VanEck Lido Staked ETH ETF" fund to the U.S. Securities and Exchange Commission (SEC). This fund aims to allow investors to earn Ethereum staking rewards through the Lido protocol's staked ETH token, stETH.

Kean Gilbert, Head of Institutional Relations at the Lido Ecosystem Foundation, stated: "This application marks a recognition of liquid staking as a core component of Ethereum infrastructure. The stETH of the Lido protocol demonstrates that decentralization and institutional standards can coexist, laying the groundwork for broader market development."

The ETF will hold stETH, benefiting from its thoroughly audited smart contracts, deep secondary market liquidity, and integration with leading custodians and exchanges. If approved, this ETF will provide institutional investors with a compliant and tax-efficient way to participate in Ethereum staking within a regulated investment framework.