VanEck Launches Hyperliquid Staking ETF, Simplifying Crypto Exposure

VanEck launches Hyperliquid Staking ETF, offering indirect access to HYPE Tokens with staking yields without dealing with wallets or blockchain mechanics. The ETF simplifies Crypto Exposure and carries the upside of crypto with additional returns from staking. The move follows Hyperliquid's dominance in the decentralized derivatives market and could encourage broader adoption, with potential HYPE listings on major exchanges like Coinbase.

VanEck has announced plans to file for a Hyperliquid (HYPE) spot staking exchange-traded fund (ETF) in the U.S. and an exchange-traded product (ETP) in Europe. This move aims to provide U.S. investors with easier access to HYPE tokens and potentially encourage major exchanges to list the token. The ETF will also allow investors to benefit from staking yields, offering a unique blend of passive exposure and active yield generation VanEck Launches $HYPE ETF & ETP^[2].

Hyperliquid, a layer-1 blockchain launched in 2023, has rapidly grown in popularity, leading all blockchains in network revenue for four consecutive weeks VanEck plans to file for Hyperliquid staking ETF, European ETP^[1]. The blockchain underpins a popular perpetual futures exchange and has become an attractive target for asset managers seeking to package high-growth tokens into structured investment vehicles.

The proposed VanEck ETF will differ from traditional spot ETFs by integrating staking. This means investors could potentially benefit from both the appreciation of HYPE and the staking yields generated by participating in the blockchain’s consensus mechanism. If approved, this would represent a milestone in the evolution of digital asset ETFs, blending passive exposure with active yield generation within a regulated wrapper VanEck to File for Hyperliquid Spot-Staking ETF in U.S. and Europe^[3].

In Europe, where regulatory frameworks for crypto ETPs are more flexible, VanEck is preparing to launch a parallel product. European markets have historically been quicker to approve innovative digital asset funds, and VanEck’s dual strategy reflects an effort to capture demand across jurisdictions with different levels of regulatory openness VanEck to File for Hyperliquid Spot-Staking ETF in U.S. and Europe^[3]. However, the European ETP would still be subject to approval processes.

VanEck is also considering using a portion of net profits from these products to repurchase HYPE tokens on the open market. Such buybacks could create additional demand pressure for the token, potentially influencing its price dynamics in both primary and secondary markets. This move would be highly unusual for an ETF, which typically does not directly intervene in token markets beyond holding underlying assets VanEck to File for Hyperliquid Spot-Staking ETF in U.S. and Europe^[3].

The U.S. Securities and Exchange Commission (SEC) has only recently begun approving spot digital asset ETFs, starting with bitcoin earlier this year. Adding staking yields into the mix could raise new regulatory concerns around custodianship, investor protections, and the classification of staking rewards. Whether the SEC will embrace a spot-staking ETF remains uncertain.

For VanEck, the initiative fits into a broader pattern of pushing boundaries in digital asset investment. By filing for a HYPE-based ETF in the U.S. and preparing a parallel ETP in Europe, the firm is signaling confidence in the growing adoption of blockchain projects beyond established tokens like bitcoin and ethereum. If approved, the products could pave the way for a new generation of crypto ETFs that combine yield, governance exposure, and growth potential, reshaping how investors access decentralized finance through traditional markets.