VanEck Pushes Staked Hype ETF Expects HYPE Coinbase Listing

TLDR

Table of Contents

VanEck is preparing a US spot ETF for Hyperliquid with staking features.
HYPE token surged 23 percent in the past week and now trades at $56.
VanEck expects a potential Coinbase listing for HYPE following ETF plans.
Hyperliquid leads in network revenue for nearly four straight weeks.

VanEck is preparing to file for a U.S.-based spot ETF tied to HYPE, the native token of the Hyperliquid network. The firm aims to include staking features in the proposed product. VanEck executives have said this move is in response to rising demand and increasing network usage. The company also believes this could lead to a potential Coinbase listing of HYPE.

VanEck Plans Staking ETF Amid Growing Interest in Hyperliquid

Digital asset manager VanEck is reportedly working on a spot staking ETF based on the Hyperliquid blockchain. This ETF would allow U.S. investors to gain exposure to the HYPE token while also earning staking rewards. The firm is also preparing to launch a similar exchange-traded product (ETP) in Europe, where regulatory approval is already less restrictive.

Matt Maximo, a senior digital asset analyst at VanEck, said that Hyperliquid is a key part of the firm’s strategy for its liquid fund. He confirmed that the blockchain’s rising usage and earnings made it an attractive candidate for a staking-focused ETF. VanEck is betting on Hyperliquid’s strong performance to support the long-term viability of such a fund.

Source: Blockworks Research

The ETF would require approval from the U.S. Securities and Exchange Commission (SEC), which has yet to approve any staking-related ETF, including Ethereum-based ones. VanEck’s application will follow similar efforts by firms like BlackRock and Fidelity. The success of Hyperliquid’s network performance is seen as a factor that may support its case.

Hyperliquid’s Network Revenue and Token Performance Gain Attention

Hyperliquid has been leading the blockchain space in network revenue for nearly a month, according to Blockworks Research. The decentralized exchange has also seen steady trading volumes in derivatives markets. Its native token, HYPE, has gained 23% in the last week, now trading at $56.

VanEck executives have pointed to this performance as proof of growing trust and interest in the network. Hyperliquid is also developing a native stablecoin, USDH, which could further expand its ecosystem. As the platform’s revenue grows, HYPE continues to attract investor attention.

The decentralized exchange has already executed billions in trades with low latency and no reported service interruptions. This stability has drawn praise from VanEck CEO Jan van Eck, who said that Hyperliquid’s technology and governance stand out in the market.

VanEck’s Director of Digital Assets Products, Kyle Dacruz, also stated that the firm is considering allocating part of its investment profits toward buying back HYPE. Hyperliquid already conducts buybacks that match nearly all its platform revenue.

Possible HYPE Listing on Coinbase Sparks Investor Speculation

VanEck believes that a successful ETF launch could increase the chance of HYPE being listed on Coinbase. While the exchange has not confirmed such a move, VanEck executives view improved U.S. investor access as a potential trigger for listing.

Dacruz noted that demand for regulated exposure to HYPE is growing in the United States. He explained that the ETF would provide that access while giving investors the option to earn staking rewards. If approved, it could set a precedent for future staking-related ETFs tied to other tokens.

Meanwhile, in Europe, asset manager 21Shares has already listed a Hyperliquid ETP in August. This product allows investors to gain direct exposure to HYPE without the need for self-custody. The European launch could serve as a model for VanEck’s U.S. efforts, though the regulatory process is expected to be slower.

As HYPE continues its rally, surpassing tokens like Chainlink and SUI, investors are closely watching regulatory developments. VanEck’s filing is expected soon, and its outcome may influence broader ETF developments in the digital asset market.

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