VanEck's ETF/ETP Plans - VanEck is preparing to file for a Hyperliquid (HYPE) spot staking ETF in the US and an ETP in Europe [1] - If approved, HYPE would become the youngest token to earn an ETF filing from the firm [1] - VanEck is weighing buybacks tied to ETF profits, mirroring Hyperliquid's model [3] - VanEck has also filed for ETFs tied to AVAX, SOL, JitoSOL, and BNB [4] Market Demand and Exchange Listings - "Plenty of demand" exists for Hyperliquid, yet it is not listed on major US exchanges [2] - An ETF could give investors access while nudging exchanges toward listings [2] Hyperliquid's Performance - Hyperliquid is a layer-1 blockchain running a popular perpetual futures exchange, launched in 2023 [3] - Hyperliquid has led all blockchains in revenue for four straight weeks [3] - The platform currently buys back nearly all revenue in HYPE tokens [3] - HYPE recently hit an all-time high of $55, placing it in the top 15 digital assets [4] Regulatory Landscape and Competition - The SEC faces a crowded slate of crypto ETF applications, including XRP and Solana [4] - Europe has moved faster—21Shares listed a Hyperliquid ETP in August [4]

ETF/ETP Filing - 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 be VanEck's youngest token to receive an ETF filing [1]

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]

Partnerships & Product Launches - CoinDesk Indices is the index provider for 21Shares' Hyperliquid ETP (Ticker: HYPE) launch on the SIX Swiss Exchange [1] - 21Shares has launched Hyperliquid ETP, bringing decentralized derivatives to traditional markets [1] - CoinDesk Indices is the index provider for 40+ 21Shares ETPs with billions of dollars in assets under management [1] Industry Perspective - 21Shares is building at the infrastructure level with a long-term vision, similar to the best ETF issuers in traditional markets [1]