VanEck just fired a bold shot in the Ethereum staking arena. The firm filed an S-1 with the SEC for the “VanEck Lido Staked ETH ETF.” This isn’t just another Ethereum fund. It’s the first ETF in the U.S. targeting stETH, the tokenized form of ETH staked through Lido. The play? Regulated exposure to stETH, minus the complexity of self-custody or on-chain management. What Is stETH? stETH is short for “staked ETH.” It’s minted when users stake ETH through Lido, the leading liquid staking protocol. stETH mirrors the value of ETH but also reflects staking rewards, meaning it accrues yield
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