X @BSCN

ETF/ETP Filings and Approvals - VanEck is preparing to file for a Hyperliquid (HYPE) spot staking ETF in the US and a Hyperliquid ETP in Europe [1] - If approved, HYPE would become the youngest token to earn an ETF filing from VanEck [1] - Europe has moved faster with crypto ETPs; 21Shares listed a Hyperliquid ETP in August [3] - VanEck has also filed for ETFs tied to AVAX, SOL, JitoSOL, and BNB [3] Hyperliquid Platform and Token - Hyperliquid is a layer-1 blockchain running a perpetual futures exchange, launched in 2023 [2] - The platform has led all blockchains in revenue for four straight weeks and buys back nearly all revenue in HYPE tokens [2] - HYPE recently hit an all-time high of $55, placing it in the top 15 digital assets [3] Market Dynamics and Institutional Interest - VanEck sees "plenty of demand" for Hyperliquid, even though it is not listed on major US exchanges [1] - An ETF could give investors access to Hyperliquid while encouraging exchanges to list it [2] - Traders see momentum building in HYPE as institutional interest grows and Hyperliquid's role in DeFi deepens [3] Potential ETF Structure - VanEck is considering buybacks tied to ETF profits, mirroring Hyperliquid's model [2]