VanEck plans to apply for HYPE spot staking ETF in the United States

Odaily Planet Daily reports that VanEck plans to apply for a Hyperliquid (HYPE) spot-collateralized ETF in the US and launch an exchange-traded product (ETP) in Europe. This ETF will provide access to US investors and may also prompt exchanges to consider listing HYPE. VanEck is also considering using a portion of the fund's net profits to repurchase HYPE. (Blockworks)