The decentralized exchange Hyperliquid is no longer just a crypto community favorite – it’s now attracting heavyweight attention from traditional finance.
VanEck, one of the most influential asset managers in the U.S., is preparing an unprecedented exchange-traded fund tied to HYPE, the platform’s native token. Unlike conventional crypto funds, this one is designed to combine spot exposure with staking rewards, creating a hybrid structure that could redefine how digital assets are packaged for investors.
In parallel, VanEck is also working on a European-listed product, signaling its ambition to make HYPE accessible to institutional players on both sides of the Atlantic. The development underscores a growing appetite on Wall Street for fresh blockchain projects that go beyond the usual giants like Bitcoin and Ethereum.
A Possible Gateway to Coinbase
The timing of VanEck’s interest has sparked speculation that HYPE could soon land on Coinbase, the largest U.S. crypto exchange. Hyperliquid, which launched in 2023, has spent the past year consistently topping DeFi revenue charts, a feat that has not gone unnoticed. For many, the idea of a regulated staking ETF is seen as the missing piece that could give HYPE enough legitimacy for a high-profile exchange listing.
Industry watchers argue that if Coinbase adds support, the token’s liquidity and investor reach would expand dramatically, accelerating Hyperliquid’s move from a niche protocol to a mainstream contender.
Market Reaction: HYPE Breaks New Ground
Investors have already started to position themselves. HYPE rallied more than 20% this week, climbing to a record $55.34 after weeks of sideways trading. The breakout pushed the token above key moving averages, strengthening bullish sentiment.
With $55 now acting as support and traders eyeing the $60–$65 zone as the next test, momentum appears firmly in favor of the bulls. Continued high trading volumes suggest that the rally still has fuel, especially as institutional interest begins to align with retail enthusiasm.
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Source: https://coindoo.com/vaneck-targets-defi-with-first-of-its-kind-hyperliquid-etf/