VanEck Seeks Approval for Lido Staked Ethereum ETF

Van Eck has officially submitted an S-1 application to launch a new exchange-traded fund (ETF) focused on the staking of Ethereum through its Lido platform, as reported by Cointelegraph and PANews. This move marks VanEck’s continuing efforts to expand its presence in the cryptocurrency investment landscape. The proposed ETF would offer investors a regulated way to participate in Ethereum staking and potentially broaden access to this lucrative mechanism for those looking to invest in the network.