AVSD ETF Sees Unusual Trading Volume with Nokia and Grab Holdings Leading the Way

The Avantis Responsible International Equity ETF (AVSD) has seen unusually high volume on Monday with over 336,000 shares traded, exceeding its three-month average of 34,000. Shares of AVSD are up about 0.9%. The ETF's components with the highest volume are Nokia and Grab Holdings, with Nokia trading down 0.7% and Grab Holdings up 0.5%. Mizuho Financial Group is the component faring the best, up 4.1%, while Genmab is lagging at -7.6%.

VanEck has taken a significant step towards providing institutional investors with a compliant and tax-efficient way to gain Ethereum staking exposure by filing an S-1 registration statement with the US Securities and Exchange Commission (SEC) for the “VanEck Lido Staked ETH ETF,” according to Cryptopolitan. This ETF aims to give investors regulated exposure to Ethereum staked via the Lido protocol (stETH), offering daily liquidity and transparent on-chain backing.

The VanEck Lido Staked ETH ETF closely mirrors Ethereum’s staking economics while maintaining continuous exposure to the staking economy. By holding stETH, the ETF will benefit from its extensively audited smart contracts, deep secondary-market liquidity, and integrations with leading custodians and exchanges. This filing marks the first US ETF referencing stETH, potentially opening new avenues for institutional investors to participate in Ethereum's staking ecosystem.

The ongoing US government shutdown, which has extended beyond 42 days, is expected to cause delays in the approval process of the VanEck Lido Staked ETH ETF and other ETF filings. However, once the government reopens, the SEC is anticipated to process the backlog of ETF filings, which could lead to renewed activity in the crypto market and drive higher trading volumes for altcoins.

Meanwhile, global institutions are showing increasing interest in staking. Sygnum Bank Middle East has announced the launch of Sygnum Validators, a new institutional-grade staking service operated from Abu Dhabi Global Market (ADGM). Additionally, a16z Jito investment has announced a push to expand liquid staking and improve validator efficiency on Solana. These developments highlight the growing recognition of staking as a critical component of blockchain infrastructure.