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Key Insights:
- VanEck submitted the S-1 registration file for the Lido staked ETH ETF with United States SEC.
- Once approved, the fund will be the first of its kind to give institutional investors exposure to staked Ethereum.
- After the news of the upcoming fund emerged, Lido’s native token, LDO, recently broke out of a well-defined descending channel on the 4-hour chart.
VanEck submitted the S-1 registration file for the Lido staked ETH ETF with the United States Securities and Exchange Commission (SEC).
The upcoming fund will give investors exposure to staked ETH or stETH which are to be staked through the Lido protocol.
VanEck Approaches The Launch of its Lido Staked ETH ETF
The proposed fund will carry the name the VanEck Lido Staked Ethereun ETF, and its main purpose will be to provide investors with exposure to Ethereum.
The Lido protocol is a decentralized platform where the ETH will be staked and investors will earn staking rewards without the need of having to lock up the assets themselves.
Submitting the S-1 file means VanEck is almost towards launching the fund and awaiting the SEC’s greenlight to list the product for trading.
Lido is one of the dominant staking platforms for Ethereum with over $38 billion worth of staked ETH. This amounts to about a third of the total staked Ethereum.
The decentralized protocol also remains a top performer in providers of Ether’s proof-of-stake system, and has consistently allowed users to earn yield while ensuring investors stay liquid through the stETH derivative tokens.
The new upcoming fund will operate as an investment vehicle that holds an interest-bearing asset, where instead of traditional bonds or cash, the fund will hold staked ETH. This new model by Lido aims to provide institutions with exposure to staked crypto.
The fund will act as a wrapper with a goal of removing the technical limitations of directly staking cryptocurrencies like ETH.
Lido( LDO) Price Breaks Above Descending Channel
LDO recently broke out of a well-defined descending channel on the 4-hour chart, signaling a potential shift in market sentiment.
For several weeks, the token has been trading within a downward sloping range, consistently respecting both the upper and lower boundaries of the channel.
However, the latest price action shows a decisive breakout above the channel’s resistance line, an early indication that buyers are regaining control.
Following the breakout, price has pulled back to retest the former resistance level, which now acts as support.
This successful retest adds conviction to the bullish setup, confirming that the breakout is not a false move.
Moreover, the confluence of the breakout level with the 50-period moving average strengthens the overall structure and reinforces buyer confidence.
If momentum continues to build, the next key level to watch lies around the $2.70 resistance area, where previous supply has capped upward moves.
A clean break above that zone could open the door for a broader continuation rally.
On the downside, maintaining support above the $2.00 level remains crucial for sustaining the bullish outlook.
Lido price | Source: TradingView
Meanwhile, the bullish pattern emerged on the news of VanEck submitting the S-1 file for the Lido Staked Ethereum ETF. Once approved, the fund will be the first of its kind to give institutional investors exposure to staked Ethereum.
