VanEck Takes First Step Toward Staked Ethereum ETF With Delaware Trust Filing
VanEck has made an initial move toward launching a staked Ethereum ETF, registering a Delaware statutory trust for the proposed VanEck Lido Staked Ethereum ETF, according to a public filing dated October 2.
The product would offer investors exposure to Ether (ETH) that is staked through Lido, a leading decentralized protocol that enables users to earn staking rewards while maintaining liquidity through its stETH derivative token.
While the registration marks an important procedural milestone, it is not yet a formal ETF application with the U.S. Securities and Exchange Commission (SEC).
Lido remains the dominant player in Ethereum staking, holding around $38 billion worth of ETH, or roughly one-third of the total staked supply. Its liquid staking model has become a core component of Ethereum’s proof-of-stake ecosystem, providing both accessibility and flexibility for participants.
If approved, VanEck’s ETF would be structured to function like a yield-bearing investment fund, holding staked ETH instead of traditional interest-generating assets such as bonds. The structure could appeal to institutional investors looking for staking exposure within a regulated ETF wrapper.
Lido’s governance token, LDO, gained more than 3% in the past 24 hours, supported by optimism around potential institutional interest.
A successful approval would mark the first staked Ethereum ETF in the U.S., potentially setting a precedent for future products that bridge DeFi yields and traditional finance infrastructure.
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