VanEck is getting ready to file with the U.S. Securities and Alternate Fee (SEC) for a spot ETF tied to the Hyperliquid token HYPE. Firm executives revealed that the ETF fund will incorporate stacking options.
The agency goals to present retail and institutional traders regulated publicity to HYPE whereas sharing staking rewards. VanEck can also be reportedly pursuing two Hyperliquid ETFs within the EU area, parallel to the U.S., as a result of area’s much less stringent regulatory framework.
HYPE value jumps 20.7% amid VanEck’s ETF submitting
The newest submitting follows Hyperliquid’s elevated buying and selling momentum within the crypto panorama. It has gained 20.7% previously week and is now buying and selling at $54.45, with a 0.5% drop previously 24 hours. In keeping with CoinMarketCap knowledge, HYPE’s 24-hour buying and selling quantity is $543.4 million, up 54.76%, with a market cap of $18.7 billion. It’s additionally increasing its DeFi footprint, with $54.77 billion in FDV.
VanEck to file for Hyperliquid $HYPE spot staking ETF within the U.S.
— The Wolf Of All Streets (@scottmelker) September 11, 2025
Matt Maximo, senior digital asset analyst at VanEck, famous that Hyperliquid has develop into the agency’s broader technique for liquid digital asset funds. He additionally highlighted that the realized development and rising buying and selling volumes supported the choice for a stacking-focused ETF submitting.
VanEck revealed that it’ll allocate a part of the ETF fund to repurchasing HYPE within the open market. Kyle Dacruz, director of digital property merchandise at VanEck, stated that the demand for regulated entry to HYPE within the U.S. is on the rise, and an ETF would offer traders with such publicity whereas permitting individuals to realize staking rewards.
HYPE is listed on Bitget, KuCoin, and Bybit. Thus far, Coinbase has not confirmed its itemizing, nor has Binance.
VanEck’s curiosity in crypto-tied monetary merchandise started with the submitting for Ethereum and Solana ETFs and expanded to different blockchains, together with Avalanche and JitoSOL. The fund supervisor has additionally provided staking-based exchange-traded notes in Europe since 2024 and filed an S-1 kind with the SEC for an Avalanche ETF.
VanEck eyes Hyperliquid ETFs in Europe amid U.S. SEC delays
Thus far, the SEC has not accepted any staking ETF, together with Ethereum-based staking ETFs. The fee is about to replace Regulation S-Okay and S-X for crypto property exchange-traded funds, which is predicted to shorten the overview course of for pending functions. The replace reduces the timeline from 240 days to round 95 days.
The SEC is at present reviewing different functions from a number of tasks, together with Trump-backed Fact Social Bitcoin and Ethereum ETFs filed by NYSE Arca, 21Shares, and Bitwise’s Solana Spot ETFs, XRP-focused belief from a number of companies, and Dogecoin ETF proposals. Contemplating the amount of functions, VanEck’s submitting might not obtain quick approval.
VanEck can also be getting ready to launch two Hyperliquid ETFs in Europe, citing much less restrictive regional guidelines. The plan follows the instance of 21Shares, which listed Hyperliquid ETFs within the area in August. The initiatives act as a template for the way the U.S. market might evolve regardless of the present gradual regulatory framework.
Cryptopolitan reported not too long ago that HYPE reached its all-time excessive close to $55, rating among the many prime fifteen cryptocurrencies by market cap. The report revealed that the rally was fueled by intense competitors amongst a number of crypto entities, together with Paxos, Frax, Agora, and, extra not too long ago, Ethena, to safe the rights to launch HYPE’s native stablecoin, USDH. Ethena pledged 95% of income to Hyperliquid and to cowl the prices of shifting from USDC pairs.
The USDH launch is predicted to extend liquidity throughout the HYPE DeFi alternate, which at present manages greater than $5 billion in USDC deposits.
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