18.07.2025 07:39

Lido DAO (LDO) experienced a significant price surge, exceeding 11% in a brief timeframe, peaking at $1.03. This sharp increase is widely attributed to BlackRock's recent application to integrate staking functionality into its proposed Ethereum ETF. A chart clearly illustrates this correlation between the news and LDO's price appreciation.

Lido DAO functions as a crucial liquid staking solution for Ethereum. By depositing their ETH with Lido DAO, users accept a degree of inherent risk but receive stETH tokens in return. These tokens are considered functionally equivalent to ETH, offering liquidity and allowing users to participate in decentralized finance applications while their ETH remains staked.

BlackRock's ambition to incorporate staking into its iShares Ethereum Trust (ETHA) is a game-changer. This significant development, reflected in an updated 19b-4 filing with the SEC, signals BlackRock's intention to not just passively track ETH price fluctuations, but also actively participate in Ethereum's proof-of-stake mechanism.

The approval of this application would enable a portion of the ETHA fund's holdings to generate yield through staking, likely utilizing trusted third-party providers such as Lido DAO. This expansion into active staking represents a monumental step for institutional involvement in Ethereum's ecosystem. This information is for informational purposes only and does not constitute investment advice. For further insights and analysis, please consult internet resources.