Lido Token Surges as VanEck Registers Staked Ethereum ETF
Lido’s token price jumped 7% to $1.29 after asset manager VanEck registered a Lido Staked Ethereum ETF in Delaware. This move adds to a 20% rally over the past week.
The Oct. 2 filing through CSC delaware Trust Company sparked optimism around liquid staking. While registration doesn’t guarantee SEC approval, it shows VanEck’s intent to expand beyond spot Bitcoin and Ethereum ETFs.
Market activity supports this optimism. Lido’s 24-hour trading volume rose 30% to $158.5 million. Derivatives volume surged 45% to $426.9 million. Open interest increased 6.6% to $228.3 million.
These shifts indicate growing hope that ETF-related inflows could lead to further gains. Investors would access staking rewards through the proposed ETF without running validators or locking up assets.
Lido’s liquid staking model accounts for over 30% of all ETH staked. An ETF connected to stETH could greatly expand its user base and boost protocol revenue if approved.
The ETF news follows Lido DAO’s approval of a buyback framework in September.This will use idle treasury assets to reduce circulating supply. A test phase is expected by December.
Regulatory developments also favor Lido. the SEC clarified in August that some liquid staking activities are exempt from securities registration. Integrations with Layer-2 networks like Linea expand Lido’s reach.
Analysts like CoinCodex project LDO to reach $1.34 to $1.75 this month, with potential to rise to $2 to $3 by year-end if conditions align.
While risks remain, VanEck’s filing highlights growing demand for staking-linked products, positioning Lido at the center of the liquid staking ETF era.
