VanEck Eyes Ethereum Staking ETF, Driving Lido Token Surge

VanEck has initiated the process for launching an Ethereum staking-focused Exchange Traded Fund (ETF) in Delaware, a state known for its favorable regulatory environment for investment trusts. This move aims to offer institutions direct exposure to staking rewards without navigating complex blockchain infrastructure. Staking involves actively validating transactions on a Proof-of-Stake (PoS) blockchain and provides users with the opportunity to earn rewards based on their participation. Unlike traditional staking, which typically locks assets, Lido allows users to maintain liquidity while earning staking rewards. 📈 💰 💡