Introduction

Institutional ETH staking in the US just got one fewer excuse. On October 7, 2026, BitGo Bank & Trust, N.A. announced that eligible US clients can stake Ether through Lido directly inside their existing BitGo accounts.

Impact on US Institutions

The most direct impact falls on US institutions that already custody ETH with BitGo. They can now pursue staking yield through Lido without changing custodians or rebuilding their operational stack.

Market Positioning

BitGo is positioned as the first US-based qualified custodian to offer native ETH staking through Lido. This integration could help reinforce Lido's position at the top of the liquid staking market.

Regulatory Implications

Competitors in the custody space now have a clear benchmark. Being the first US qualified custodian to offer native ETH staking through Lido gives BitGo a talking point that rivals will likely want to neutralize.

Market Share

Lido manages over $25 billion in staked ETH, representing more than 25% of all staked ETH, making it the leading liquid staking protocol by market share.

Background

The US launch builds on an earlier rollout. BitGo first connected clients in Europe and Asia to Lido's staking services in July 2025, giving both companies more than a year of operating history before extending the offer to US clients.