VanEck registers Lido staked Ethereum ETF in Delaware
VanEck registered a Delaware statutory trust named "VanEck Lido Staked Ethereum ETF" on Oct. 2, 2025. The filing creates a legal structure in Delaware for an exchange-traded product connected to Lido's liquid staking of Ethereum.
The registration represents an initial administrative step. VanEck would still need to file with the U.S. Securities and Exchange Commission and receive approval before any fund could list and trade on an exchange. Delaware serves as a standard jurisdiction for ETF trust structures.
VanEck already sponsors spot Bitcoin and Ethereum funds. The new trust filing indicates plans to offer exposure to staked ether through Lido's liquid-staking mechanism, known as stETH. Holders of stETH earn staking rewards while maintaining the ability to trade or transfer their tokens.
CSC Delaware Trust Company appears as the registered agent in the filing records. The registration itself does not grant permission to sell securities or list on exchanges. Lido's LDO token gained roughly 7% in the hours following the public disclosure of the registration.
During 2025, U.S. exchanges have submitted rule-change proposals to the SEC requesting permission for spot Ethereum ETFs to stake portions of their holdings. The SEC continues to review these proposals. VanEck's previous SEC filings have referenced Lido's position in the Ethereum staking market.
Lido operates a liquid staking protocol that allows users to stake Ethereum without locking up their assets or meeting the 32 ETH minimum required for solo staking. Users receive stETH tokens representing their staked position plus accumulated rewards. The protocol holds a significant share of staked Ethereum across the network.
VanEck launched its spot Ethereum ETF earlier in 2024 alongside other asset managers after the SEC approved this category of products. The firm has not issued public statements about timeline or specific plans for the Lido staking product beyond the Delaware registration.
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