VanEck, the $90 billion global investment manager, has confirmed plans to launch an ETF tied to Hyperliquid’s native token HYPE.
The move would make it the youngest digital asset yet to earn such a filing.
From Bitcoin to HYPE: VanEck Expands Crypto ETF Lineup
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The clarification follows a flurry of speculation after Jan van Eck, CEO of VanEck, posted directly to the Hyperliquid community on X.
“We are impressed by your product, the technology, the decentralized governance, and the method of your rollout. 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,” he wrote.
His post immediately sparked rumors that VanEck was preparing a HYPE ETF. Nate Geraci, president of the ETF Store, referred to this prospect.
Speaking to BeInCrypto, a VanEck spokesperson addressed the speculation, indicating that the asset manager is indeed seeking to launch a HYPE-based ETF.
Reportedly, the financial instrument is currently in development in both the EU and the US.
“If approved by regulators, the fund would look to stake HYPE at launch,” they added.
The firm also revealed it is considering additional measures to deepen its role in Hyperliquid’s growth.
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“VanEck is also considering a buyback or ecosystem support program, similar to how we supported Bitcoin and Ethereum ETFs by committing a portion of profits to core developers,” the spokesperson explained.
Notably, VanEck emphasized that the ETF plan is independent of Hyperliquid’s ongoing governance debates.
“Importantly, this is separate from Agora’s stablecoin proposal. VanEck is moving ahead on its ETF regardless,” the spokesperson told BeInCrypto.
If approved, the HYPE ETF would mark a milestone for Hyperliquid. It would add to the euphoria after the HyperEVM ecosystem recently began attracting attention from top builders and institutional players.
It would also extend VanEck’s track record of pushing crypto ETF innovation, following its spot Bitcoin and Ether products.
The firm also set the stage for a BNB ETF in April, and an on-chain economy crypto ETF months before that.
While regulatory approval remains uncertain, VanEck’s stance signals growing conviction. It suggests the belief that Hyperliquid could become a core player in the next wave of decentralized trading infrastructure.
Hyperliquid’s HYPE token was trading for $55.61 as of this writing, up by almost 2% in the last 24 hours.
Source: https://beincrypto.com/vaneck-hyperliquid-etf-everything-to-know/