VanEck sign up Lido stake Ethereum ETF in Delaware

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VanEck has signed up for the VanEck Lido Staked Ethereum ETF in Delaware, a crucial step to expand the cryptocurrency ETF portfolio. If approved by the SEC, this product will allow investors to access staked Ethereum in a managed ETF format. The related LDO Token has increased by more than 7% thanks to positive expectations.

VanEck is currently managing spot Bitcoin and Ethereum ETFs, attracting significant capital inflow. By linking with Lido's Ethereum staking, the company aims to provide flexible staking access for institutional investors, allowing them to earn staking rewards without needing to manage blockchain technology.

The favorable trust laws in Delaware make it a prime location for signing up funds before the SEC approval. This move indicates the growing interest of institutional investors in yield-generating crypto assets.

ETH0.79%
LDO-3.46%
BTC1.67%
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