TL;DR

ETF Strategy: VanEck plans a U.S. Hyperliquid ETF with built-in staking rewards, plus a European ETP rollout, signaling global confidence in the protocol’s growth.
Token Momentum: HYPE surged 16% to $53, outperforming Chainlink and Sui, as investors rally around its buyback model and decentralized infrastructure.
Listing Outlook: VanEck sees ETF approval as a gateway to a Coinbase listing, though SEC hurdles remain for staking-based products.

Asset manager VanEck is preparing to file for a spot-staking ETF centered on Hyperliquid. The firm’s strategic pivot toward this decentralized exchange reflects growing investor appetite and the surging performance of its native token, HYPE. With a potential Coinbase listing on the horizon and European expansion already underway, VanEck’s bet on Hyperliquid could mark a turning point for staking-based ETFs.

the shills were right.

hypurrliquid

— VanEck (@vaneck_us) September 10, 2025

VanEck’s Strategic Push into Hyperliquid

VanEck is prioritizing Hyperliquid within its liquid fund strategy, citing strong network performance and rising investor demand. The firm plans to launch a U.S.-based ETF that incorporates staking yields, allowing investors to earn passive income from HYPE holdings. VanEck also intends to introduce a corresponding ETP in Europe, signaling a global rollout. Executives, including Matt Maximo and Kyle Dacruz, have emphasized the protocol’s role as a cornerstone of VanEck’s digital asset roadmap.

Hyperliquid’s Performance and Buyback Model

Hyperliquid has emerged as a formidable player in the crypto derivatives space, rivaling giants like Binance. The decentralized exchange has executed billions of dollars in trades with minimal disruptions, earning investor trust. Notably, Hyperliquid conducts buybacks equal to nearly all its platform revenue, a model VanEck may emulate by allocating net profits from its investment products toward HYPE buybacks. This aggressive reinvestment strategy has helped fuel HYPE’s recent rally.

HYPE Price Surge and Market Position

HYPE has seen a 16% price increase over the past week, reaching $53 and continuing to climb. The token has surpassed competitors like Chainlink and Sui, now eyeing a position in the top ten cryptocurrencies. The rally reflects growing confidence in Hyperliquid’s technology and governance, with VanEck CEO Jan van Eck publicly praising the platform’s decentralized architecture and execution speed.

Regulatory Hurdles and Coinbase Listing Potential

While VanEck’s ETF ambitions are clear, regulatory approval remains a critical hurdle. The U.S. Securities and Exchange Commission has yet to greenlight staking-based ETFs, including those tied to Ethereum. However, VanEck believes that a successful launch could pave the way for HYPE’s listing on major exchanges like Coinbase. Meanwhile, 21Shares has already introduced a European Hyperliquid ETP, underscoring the protocol’s growing global footprint.

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Filed under: News - @ September 11, 2025 12:29 pm