VanEck submits an application for approval of the stETH ETF in America - a major step for ethereum staking activities.

VanEck has submitted an S-1 registration form to the Securities and Exchange Commission of the United States (SEC) for the “VanEck Lido Staked ETH ETF.” This fund aims to provide investors with a managed opportunity to access Ethereum (ETH) staked through the Lido protocol, represented by the stETH token.

If approved, this will be the first ETF in the U.S. to reference stETH, marking a turning point in bringing DeFi assets into the traditional financial market. This initiative by VanEck reflects the growing interest of institutions in Ethereum staking activities and could pave the way for broader legal recognition of liquid staking products in the United States.