Staking in the VanEck Ethereum ETN (VETH)

VanEck (Europe) GmbH and VanEck ETP AG began staking the ETH held by the VanEck Ethereum ETN (ISIN DE000A3GPSP7), an exchange-traded note backed by ETH and launched in March 2021, on 4 April 2024. VanEck instructs the note's custodian to deposit ETH with validators run by a staking provider, while the custodian keeps control of the staked ETH; rewards, less a staking fee of 25%, are added to each note's ETH entitlement daily. VanEck's product page on 7 October 2026 showed a gross staking yield of 1.78% and total net assets of $195.64 million, both as of 6 October 2026.