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VanEck Expands Crypto ETF Lineup with Hyperliquid HYPE Filing
VanEck, the $90 billion global investment manager, has confirmed its intention to launch an ETF tied to Hyperliquid’s native token, HYPE, marking a potential milestone as the youngest digital asset to earn such a filing.
From Speculation to Confirmation
Rumors of a HYPE ETF intensified after Jan van Eck, CEO of VanEck, posted directly to the Hyperliquid community on X. He praised the project’s technology, decentralized governance, and rollout strategy, adding, “We are bullish on Hyperliquid. We are owners (and have been for several months). And we’d be thrilled to be a part of your community’s ecosystem.”
This sparked speculation across the industry, which VanEck has now clarified. Speaking to BeInCrypto, a spokesperson confirmed that the firm is indeed seeking to launch a HYPE-based ETF, with development already underway in both the U.S. and EU.
Staking, Buybacks, and Ecosystem Support
If approved by regulators, the ETF will aim to stake HYPE at launch, the firm revealed. Additionally, VanEck is exploring a buyback or ecosystem support program, similar to how it allocated a portion of profits from its Bitcoin and Ethereum ETFs to support core developers.
Crucially, the firm emphasized that the ETF initiative is independent of Hyperliquid’s internal governance debates, including Agora’s ongoing stablecoin proposal.
Extending VanEck’s Crypto ETF Legacy
A HYPE ETF would mark another step in VanEck’s growing track record of crypto innovation, following its spot Bitcoin and Ether products, as well as filings for a BNB ETF and an on-chain economy ETF earlier this year.
At the time of writing, Hyperliquid’s HYPE token was trading at $55.61, up nearly 2% in the past 24 hours.
If regulators give the green light, the product could signal Hyperliquid’s arrival as a core player in the next wave of decentralized trading infrastructure.
