VanEck plans to file for Hyperliquid spot staking ETF in US, European ETP. The upcoming filing comes as competition heats up over the USDH stablecoin.

VanEck is preparing to file for a Hyperliquid (HYPE) spot staking ETF in the US and a related exchange-traded product (ETP) in Europe, aiming to give regulated exposure to the Hyperliquid ecosystem at a time when interest around the project’s USDH stablecoin and broader staking products is intensifying. Two VanEck digital asset product executives told Blockworks the planned ETF would hold spot HYPE and incorporate on‑chain staking, with the product’s net profits potentially used in part to repurchase HYPE tokens on the open market, subject to regulatory approval. HYPE is not currently listed on major US exchanges, which VanEck cites as a reason to package exposure via a regulated fund structure. Hyperliquid is a Layer‑1 blockchain and on‑chain derivatives venue that has rapidly grown in revenue and trading activity, ranking near the top of crypto networks by fees generated and positioning itself as a leading perpetuals exchange. VanEck already offers multiple crypto ETPs and ETFs, including a European Hyperliquid ETN/ETP, and is now looking to extend that lineup with a US product despite the fact that the SEC has yet to approve any ETF with native staking features. The new filing comes amid growing competition around USDH, the Hyperliquid ecosystem stablecoin, where Agora and other issuers are vying for roles in its structure; VanEck has stressed that its Hyperliquid products are operationally separate from Agora’s USDH bid and not contingent on any particular USDH issuer. If approved, the Hyperliquid spot staking ETF would make HYPE one of the youngest tokens to receive a US ETF filing and would test US regulators’ stance on combining spot crypto exposure with on‑chain yield inside a 1940‑Act style product. For market participants, the move signals that large asset managers see institutional demand for structured access to newer, non‑blue‑chip crypto assets and to staking economics without requiring direct custody or DeFi interaction, while also highlighting Europe’s comparatively more permissive environment for innovative crypto ETP structures.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• VanEck to file for Hyperliquid staking ETF as HYPE gains momentum (cryptopolitan.com)
• VanEck Plans to File for Hyperliquid Spot-Staking ETF | PANews (panewslab.com)
• VanEck plans to file for Hyperliquid staking ETF, European ETP (blockworks.com)
• VANECK TO FILE FOR HYPERLIQUID SPOT STAKING ETF IN U.S. ... (x.com)
• JitoSOL ETF - SEC.gov (sec.gov)

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