VanEck Submits ETF Proposal for Ethereum Liquid Staking

VanEck has filed a request with the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) tied to Lido’s staked Ether (stETH), marking a potential milestone in bringing the Ethereum staking economy to traditional finance. This proposed ETF, called the VanEck Lido Staked ETH ETF, would aim to replicate Ethereum’s staking yields while maintaining daily liquidity. Instead of directly locking ETH, it would hold stETH, the liquid token issued by the Lido protocol. 🔒 💰 📈 This move aligns with the growing trend of integrating blockchain yield generation into regulated financial products.