VanEck files first Lido staked ether ETF amid SEC’s shift on liquid staking
VanEck filed for an ETF tracking stETH, signaling regulatory acceptance of liquid staking following the SEC's friendlier stance.Summary
Investment management firm VanEck has filed for the VanEck Lido Staked Ethereum ETF, which will track the performance of stETH, the staked ether token from the Lido protocol. This filing is notable as it is the first of its kind and follows a shift toward a friendlier regulatory environment from the U.S. Securities and Exchange Commission (SEC) regarding liquid staking. The Lido Ecosystem Foundation stated that if approved, the ETF would offer institutional investors a compliant, tax-efficient way to gain Ethereum staking exposure. This development is supported by the SEC's recent guidance, including statements from Chair Paul Atkins' "Project Crypto" initiative, which indicated that proof-of-stake staking activities and certain liquid staking tokens do not constitute securities transactions.
(Source：The Block)