The application appears on the official website. It shows that VanEck registered the fund in the form of a statutory trust in Delaware, with CSC Delaware Trust Company acting as the agent. This is a standard first step for most ETFs in the United States: registration in Delaware, followed by filing with the Securities and Exchange Commission (SEC).
Registration by itself does not guarantee approval from the regulator, but it reflects VanEck’s intention to expand its range of cryptocurrency funds. Delaware was chosen due to favorable trust laws that make the state a key jurisdiction for such structures.
VanEck already manages spot ETFs for Bitcoin and Ethereum. Now the company intends to offer investors access to staking yield through Lido.
Launching a fund based on Lido will allow VanEck to capitalize on growing investor interest in yield-bearing assets. The Lido protocol controls the largest Ethereum staking pool, making it an attractive base for an institutional product.
Following the news, the Lido DAO (LDO) token reacted with growth. According to Coinmarketcap, it rose 17,2% over the past week and gained 71,3% over the past three months.
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