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


by Coin Edition
for CoinEdition
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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$ 2.08K

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$ 0.000113


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


by Coin Edition
for CoinEdition
VanEck Files for a Lido Staked ETH ETF, Seeking Regulated Exposure to stETH

Share:

  • 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

In This News

Coins

$ 2.08K

+8.57%

$ 0.00...361

$ 0.000603

$ 0.000113


Funds

Share:

In This News

Coins

$ 2.08K

+8.57%

$ 0.00...361

$ 0.000603

$ 0.000113


Funds

Share:

Read More

Bitcoin climbs to $67,500, Circle leads crypto stocks higher, as bounce strengthens

Bitcoin climbs to $67,500, Circle leads crypto stocks higher, as bounce strengthens

Ether, solana and dogecoin are among the altcoins posting 10% or more advances.
Ethereum Plans FOCIL Upgrade, Foundation Shifts 70K ETH to Staking

Ethereum Plans FOCIL Upgrade, Foundation Shifts 70K ETH to Staking

Ethereum has significantly planned to make two moves comprising the FOCIL proposal an...