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VanEck Files for a Lido Staked ETH ETF, Seeking Regulated Exposure to stETH


VanEck Files for a Lido Staked ETH ETF, Seeking Regulated Exposure to stETH

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  • The fund is designed to provide investors with regulated exposure to the tokenized staking derivative stETH, which represents ETH staked via Lido DAO
  • According to the filings, stETH has a strong on-chain presence, where Lido’s protocol boasts nearly $40 billion TVL
  • The SEC’s Division of Corporation Finance clarified earlier this year that certain liquid-staking tokens may not qualify as securities if they meet administrative or ministerial criteria

VanEck, a global investment management firm, has submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC) for a proposed ETF named the ‘VanEck Lido Staked ETH ETF’. The fund is designed to provide investors with regulated exposure to the tokenized staking derivative stETH, which represents ETH staked via Lido DAO.

According to the filings, stETH has a strong on-chain presence…

Read The Full Article VanEck Files for a Lido Staked ETH ETF, Seeking Regulated Exposure to stETH On Coin Edition.

Read the article at CoinEdition

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$ 1.80K

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$ 0.000113


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