important notes
- VanEck has applied to list the Lido Staked Ethereum ETF with the US SEC.
- The company already filed for statutory trust registration for the Lido Stake Ethereum ETF in Delaware last week.
- The price of stETH has fallen by more than 5% since the announcement.
Rather than wait for the U.S. Securities and Exchange Commission (SEC) to decide on other applications, VanEck filed for the Lido Stake Ethereum ETF.
Notably, the asset management company is the first to pursue a Lido staking Ethereum offering of this kind.
VanEck to list first Lido staking Ethereum ETF
Spot crypto ETF issuer VanEck has filed an S-1 registration application for the Lido Staked Ethereum ETF.
In a filing with the US SEC dated October 16, the asset manager said the fund will track Spot Lido Stake ETH (stETH) prices based on MarketVector's LDO Stake Ethereum Benchmark Rate Index.
🚨BREAKING: VanEck has filed a Form S-1 for the Lido Staked $ETH ETF with the SEC.
If approved, the ETF will give investors regulated exposure not only to Ethereum (ETH), but also to staking rewards earned through Lido Finance, the largest decentralized staking protocol… pic.twitter.com/K89kI2xJSq
— FinancialPress.com (@FinancialPress_) October 17, 2025
Investors who put money into the ETF will receive regulated exposure to both Ethereum. Ethereum $3,730 24 hour volatility: 6.8% Market capitalization: 45.103 billion dollars Vol. 24 hours: $54.58B and staking rewards earned through the Lido Liquid Staking Protocol.
The $133 billion AuM issuer signaled the move last week when it filed for statutory trust registration for the Lido Stake Ethereum ETF in Delaware. CSC Delaware Trust Company was the registered agent.
Meanwhile, VanEck's first attempt to introduce liquid staking tokens within a regulated ETF took place about two months ago. We proposed the integration of JitoSOL, a liquid staking token on Solana. sol $177.1 24 hour volatility: 8.4% Market capitalization: $96.89B Vol. 24 hours: $1.134 billion blockchain.
The Lido staking protocol is known for allowing users to stake ETH without running a validator node. Issue stETH liquid staking tokens. This represents the ETH deposited and the staking yield.
DeFiLlama data reveals that 8.49 million ETH worth over $33.37 billion has been staked on Lido. This is a huge bag, accounting for 59.88% of the total market.
SEC updates general listing standards for virtual currency ETFs
Given the early effectiveness of the General Listing Standard, the SEC will determine the first Lido Stake Ethereum ETF under this grade.
Among the many perks of this new listing rule, VanEck will benefit from a reduction in the deadline for approval of virtual currency ETFs under the Securities Act of 1933 from 240 days to 75 days.
Hashdex Crypto Index ETF is one of the funds that benefited from updated public listing rules that allow crypto ETFs to avoid lengthy scrutiny.
Related article: Ethereum ETF inflows continue to be strong, but ETH price struggles above $4,000, what's next?
Following the announcement of VanEck's Lido Stake Ethereum ETF application, stETH recorded a significant price drop. The digital asset has fallen by ~5.73% in the past 24 hours and is currently trading at $3,775.13.
However, the 24-hour trading volume increased by 17.24% and now stands at $84.46 million.
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