VanEck, the digital asset manager, is moving forward with plans to launch a spot staking Hyperliquid ETF in the U.S., while also preparing a Hyperliquid (HYPE) ETP in Europe. Executives believe the launch could pave the way for HYPE’s Coinbase listing. HYPE has gained 23% over the past week, now trading at $56.
Matt Maximo, VanEck’s senior digital assets investment analyst, confirmed Hyperliquid is a major focus for the firm’s liquid fund this year. Kyle Dacruz, director of digital assets products, added that the company is considering allocating part of net profits from investment products toward HYPE buybacks.
The decentralized exchange, which plans to issue its own stablecoin USDH, has been challenging Binance in derivatives trading, while its governance model and technology have won investor confidence. Blockworks Research data shows Hyperliquid has led all blockchains in network revenue for nearly a month, strengthening its reputation as a rising force in decentralized finance.
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