VanEck Tests SEC’s Stance with Pioneering Staked Ether ETF
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VanEck is testing the boundaries of the SEC’s newfound crypto openness by filing for the first staked ether ETF.
The proposal for the VanEck Lido Staked Ethereum ETF comes just months after the SEC clarified that proof-of-stake staking does not qualify as a securities transaction. “The filing signals growing recognition that liquid staking is an essential part of Ethereum’s infrastructure,” said Kean Gilbert of the Lido Ecosystem Foundation.
The move places the SEC in a pivotal position to either advance or hinder the integration of traditional finance with decentralized finance (DeFi) protocols.
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