VanEck May File With SEC for HYPE Spot ETF With Staking Rewards, Eyes European Listings

• VanEck filing targets regulated exposure to Hyperliquid (HYPE) with staking rewards.

• HYPE climbed 20.7% in the past week to $54.45, with trading volume at $543.4M and market cap near $18.7B.

• VanEck will replicate a staking ETF structure in the EU and monitor SEC rule updates for U.S. approval.

Hyperliquid ETF: VanEck files for staking-enabled HYPE spot ETF, offering regulated exposure and rewards—read how investors could gain access and what the SEC review means.

What is the VanEck Hyperliquid ETF filing?

The VanEck Hyperliquid ETF is a proposed spot ETF tied to the Hyperliquid token (HYPE) that seeks to provide regulated exposure plus staking rewards. VanEck intends to buy HYPE on the open market and allocate a portion to staking strategies to generate return for ETF holders.

How does the HYPE ETF propose to deliver staking rewards?

VanEck’s filing indicates the ETF will allocate a slice of holdings to staking mechanisms to earn rewards; it will also carry a buyback component to repurchase HYPE in secondary markets. This structure aims to combine spot exposure with yield generation while maintaining an ETF custody and oversight framework.

VanEck is preparing to file with the SEC for a spot ETF linked to Hyperliquid token HYPE, offering staking rewards to investors.

• VanEck’s SEC filing for a HYPE ETF aims to provide regulated exposure to the growing crypto token while incorporating staking rewards for investors.
• Hyperliquid’s surge in price and trading volume has driven VanEck’s decision to introduce a staking-focused ETF tied to the token.
• VanEck is also eyeing the European market for Hyperliquid ETFs, taking advantage of the region’s more flexible regulatory framework.

VanEck, a prominent investment firm, has announced plans to file with the U.S. Securities and Exchange Commission (SEC) for a spot ETF connected to the Hyperliquid token (HYPE). The proposed Hyperliquid ETF intends to combine spot holdings with a staking allocation to generate additional yield for investors while following ETF custody and compliance standards.

The SEC filing arrives amid heightened market interest: HYPE rose 20.7% over the past week to about $54.45, with a 24-hour dip near 0.5%. Reported 24-hour trading volume is approximately $543.4 million — a 54.76% increase — and market capitalization is around $18.7 billion, with a fully diluted valuation near $54.77 billion. These metrics underpin VanEck’s rationale for pursuing a staking-capable spot ETF.

Why is VanEck targeting both U.S. and EU markets?

VanEck plans a dual-market strategy: seek U.S. SEC clearance while preparing parallel ETFs for the European Union. The EU’s regulatory environment has recently enabled staking-based products sooner than the U.S., making it a practical launchpad to test product mechanics and investor demand.

What challenges could delay approval in the U.S.?

The SEC has not yet approved staking-related ETFs, and continues to review applications for spot and staking-enabled products. Regulatory timelines are in flux; VanEck may face extended review as the SEC refines rules for crypto ETFs and staking activities.

Matt Maximo, senior digital asset analyst at VanEck, cited Hyperliquid’s growth and elevated trading volumes as key drivers for the filing. Kyle Dacruz, director of digital asset products, emphasized rising demand for regulated HYPE access from U.S. investors. VanEck’s proposed ETF would also include a buyback mechanism to repurchase HYPE on open markets, intended to support market liquidity and potentially influence supply dynamics.

HYPE is presently available on trading venues such as Bitget, KuCoin, and Bybit. Major U.S. exchanges have not confirmed listings, which could affect ETF market liquidity depending on future exchange decisions. VanEck’s approach mirrors prior launches for Ethereum, Solana, and Avalanche products and follows the firm’s 2024 rollout of staking-based exchange-traded notes in Europe.

When could investors expect a decision?

There is no definitive date. SEC review cycles can vary; recent procedural changes have shortened some review windows, but staking-related questions may prolong evaluation. Monitoring official SEC filings will provide the authoritative timeline.

Frequently Asked Questions

How will staking rewards be distributed to ETF holders?

Staking rewards will likely be aggregated at the fund level and credited to the ETF, which may pass through yield net of fees to holders via NAV adjustments or periodic distributions, depending on VanEck’s final structure.

Can the ETF’s buyback policy affect HYPE price?

Yes. An active buyback allocation could increase demand for HYPE on secondary markets and reduce circulating supply, which may provide price support assuming consistent market conditions.

Key Takeaways

• Regulated access: VanEck aims to offer a compliant vehicle for HYPE exposure combined with staking yield.
• Market momentum: HYPE’s recent price and volume surge underpins institutional interest.
• Dual-market plan: The EU rollout may precede the U.S. approval and serve as a structural testbed.

Conclusion

VanEck’s proposed Hyperliquid ETF seeks to marry spot exposure to HYPE with staking rewards, reflecting investor appetite for yield-bearing crypto products. While the SEC review will determine U.S. timing, European launches could provide an early operational model. Investors should track official filings and fund prospectuses for final terms and risk disclosures.