VanEck plans to file for the Hyperliquid Spot Staking ETF

ChainCatcher news, according to market news, VanEck plans to file for a Hyperliquid spot staking ETF in the United States and launch related trading products in Europe.

Hyperliquid is a Layer-1 blockchain that went live in 2023, and its network revenue has topped the charts for four consecutive weeks recently. VanEck stated that a portion of the product's net profits may be used for HYPE token buybacks, which is currently not listed on mainstream exchanges in the United States. The ETF and ETP products still require regulatory approval.