The proposed VanEck Lido Staked Ethereum ETF was designed as a passive investment vehicle that would hold Lido stETH tokens directly to track stETH's price after expenses using a MarketVector benchmark.

The largest smart-contract blockchain and its native asset ETH, covering protocol upgrades, staking, fee economics and institutional adoption.

Tokenized staking derivatives that let users earn validator rewards while keeping capital liquid and deployable.