Overview
- VanEck’s October 16 SEC filing outlines a fund that would hold Lido’s stETH and expects to accrue staking rewards through that ownership.
- The proposed ETF would reference MarketVector’s Lido Staked Ethereum Benchmark Rate index for pricing.
- VanEck registered a statutory trust in Delaware on October 2, signaling preparation steps ahead of the S-1 submission.
- Lido manages about 8.5 million ETH—roughly $31–33 billion—linking the proposed fund to a significant share of Ethereum’s staked supply.
- Other issuers, including ARK Invest, 21Shares, and Volatility Shares, filed new crypto ETF proposals this week that range from leveraged exposure to downside-protected Bitcoin strategies, while SEC reviews face delays during the government shutdown and questions persist over compliance for proposed 5x leverage products.