• VanEck files U.S. ETF and European ETP offering HYPE spot exposure and staking rewards.
• Hyperliquid tops DeFi revenue charts four straight weeks since launch in 2023.
• HYPE price surged 22% to $55.34, breaking past its $44–$47 trading range.

VanEck has filed for a Hyperliquid (HYPE) spot-staking exchange-traded fund (ETF) in the United States. Confirmed by an X post by BSCN, the global asset manager is also preparing a similar exchange-traded product (ETP) in Europe. The dual filing indicates growing Wall Street interest in decentralized finance and offers traditional investors regulated exposure to HYPE. The ETF proposal arrives as the Hyperliquid token records new price levels, reinforcing its position among fast-rising DeFi projects.

ETF Structure Combines Spot Exposure With Staking

The VanEck product differs from existing crypto ETFs by including both token price exposure and staking rewards. Investors would receive yield generated from staking inside the regulated structure, combining two features rarely offered together in U.S. markets.

If agreed, the ETF would stretch investor access to decentralized finance through a framework already familiar to institutional participants. VanEck’s strategy shows a willingness to support blockchain projects beyond BTC and ETH, signaling acceptance of emerging protocols.

Industry attention has also turned toward a possible Coinbase listing for HYPE.

VanEck executives noted that a regulated ETF could improve visibility and drive institutional engagement. Coinbase has listed several tokens following regulatory clarity, and speculation now centers on whether HYPE will follow. Launched in 2023, Hyperliquid has already reported strong network growth. The platform has topped decentralized finance revenue charts for four consecutive weeks, strengthening the case for wider market recognition.

HYPE Price Surges to New Levels

The Hyperliquid token surged 22% this week, reaching an all-time high of $55.34. The rally followed weeks of trading between $44 and $47. Rising demand and anticipation around the ETF filing appear to have pushed the token out of its recent range. Market data now places immediate support near $55, with stronger backing expected around the $60 to $65 band. 

Trading volume remains elevated, keeping momentum in favor of buyers as the token establishes higher levels. VanEck’s move signals another leap in blending decentralized finance with traditional investment structures. By including staking rewards, the firm aims to provide direct exposure to blockchain functionality within a regulated format. 

For Hyperliquid, the filing reflects growing institutional recognition at a time of rapid ecosystem growth. With the ETF proposal, potential exchange listing, and new price milestones, the project continues to occupy a central position in current DeFi discussions.