VanEck plans to apply for a Hyperliquid spot staking ETF

Jinse Finance reported, citing market sources, that VanEck plans to apply for a Hyperliquid spot staking ETF in the United States and launch related trading products in Europe. Hyperliquid is a Layer-1 blockchain launched in 2023, and its network revenue has ranked first for four consecutive weeks. VanEck stated that a portion of the product's net profit may be used for HYPE token buybacks; currently, this token is not listed on major U.S. exchanges. The ETF and ETP products are still subject to regulatory approval.