VanEck has introduced a Hyperliquid ETF in both the US and Europe, marking a significant advancement for DeFi-native ETFs. The initiative includes a spot staking ETF for the US and a physically-backed ETP for Europe, focusing on the HYPE token. This launch is anticipated to boost institutional participation in decentralized finance.
Following the announcement, the HYPE token surged by 23%, reflecting market enthusiasm. VanEck CEO Jan van Eck expressed confidence in the technology's market potential and governance framework. This development could lead to more yield-focused crypto ETFs, enhancing access to decentralized finance.
VanEck Launches Hyperliquid ETF, HYPE Token Jumps 23%
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