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2h ago

VanEck Registers Lido Staked Ethereum ETF in Delaware as LDO Rallies

The trust registration starts the SEC process for a fund offering stETH exposure with staking rewards.

VanEck registers Lido Staked Ethereum ETF in Delaware
Lido_Finance

Overview

  • VanEck established the vehicle as a Delaware statutory trust with CSC Delaware Trust Company as the filing agent.
  • The registration is an initial step that comes before any formal SEC application and carries no assurance of approval.
  • LDO gained about 7% to $1.29 following the filing, with spot volume up roughly 30% to $158.5 million and derivatives volume up 45% to $426.9 million.
  • The proposed ETF would provide liquid exposure to Lido’s staked ETH (stETH), targeting roughly 4% annual rewards without running validators or locking assets.
  • Lido’s platform accounts for over 30% of staked ETH, and a recently approved DAO buyback framework aims to use treasury assets to reduce LDO supply.