VanEck, ever the industrious bee, bypassed the SEC’s bureaucratic waltz and filed for a Lido Staked Ethereum ETF-because patience, it seems, is not a virtue Wall Street rewards. 🐝
Notably, the asset management firm is the first to pursue this type of Lido Staked Ethereum offering, a feat that would make even Tolstoy’s characters raise an eyebrow at the audacity. 🤯
🚨BREAKING: VanEck has flung a Form S-1 at the SEC like a drunkard’s dart, aiming for a Lido Staked $ETH ETF.
If approved, the ETF would give investors regulated exposure to Ethereum (ETH) and staking rewards-because who doesn’t want to gamble with yield? 🎲
– FinancialPress.com (@FinancialPress_) October 17, 2025
Investors who plunge their funds into this ETF will receive regulated exposure to Ethereum and staking rewards earned through Lido Finance-a protocol so decentralized, it probably forgot its own password. 🔐
The $133 billion AuM issuer, ever the schemer, hinted at this move last week by registering a statutory trust in Delaware, where dreams of crypto riches meet the cold shoulder of bureaucracy. 🏛️
VanEck’s earlier attempt to sneak a liquid-staking token into an ETF (JitoSOL on Solana) was met with the SEC’s usual yawn, but now they’re back, armed with stETH and a glimmer of hope. 💻
Lido’s staking protocol, a digital equivalent of a lazy validator, lets users stake ETH without lifting a finger-because why run a node when you can just… not? 🤷
DeFiLlama’s data reveals 8.49 million ETH ($33.37B) staked on Lido-a sum so absurd, it makes one wonder if the market’s collectively lost its marbles. 🌀
The SEC, in a rare moment of efficiency, will now judge this ETF under new “Generic Listing Standards,” which promise to slash approval timelines from 240 days to 75-because 165 days of paperwork is still too much. 📅
Meanwhile, stETH’s price dipped 5.73% in 24 hours, trading at $3,775.13-a nosedive that screams, “Regulation is coming!” 📉 Yet, volume rose 17.24% to $84.46M, because chaos is the new black in crypto. 👗
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2025-10-17 18:47