Key Highlights VanEck has withdrawn its proposal for an exchange-traded fund designed to directly hold Lido’s liquid-staked ether token, stETH. The proposed vehicle aimed to track the price of stETH minus fund expenses, allowing investors to access rebasing staking rewards through traditional brokerage accounts. While other funds like the Grayscale Ethereum Staking ETF (ETHE) offer ...
Key Highlights: Demand to enter Ethereum staking has cooled, with roughly 1.5 million ETH ($4 billion) in the entry queue and an estimated 25-day wait, down from peak levels in early September. A significant portion of recent validator exit activity was driven by MetaMask taking validators offline following a September 30 security incident, though investigations ...
Key Highlights The SEC’s Division of Corporation Finance issued new FAQs Thursday clarifying how token buybacks, liquid staking receipts, and ongoing blockchain development are analyzed under the Howey test and federal securities laws. Staff stated that for a functional crypto network, announcing a buyback of a non-security token does not by itself constitute a promise ...
Lido, a dominant force in the liquid staking sector, has announced a significant restructuring of the fees associated with its EarnETH vault. Under the newly updated model, the assets-under-management (AUM) fee is being slashed to a maximum cap of 0.5%, while the performance fee is set to increase to a maximum of 20%. To ease ...