VanEck Targets Hyperliquid With Groundbreaking HYPE ETF Plan

VanEck, the $90 billion global investment powerhouse, is officially preparing an exchange-traded fund (ETF) based on Hyperliquid’s native token, HYPE—potentially making it the youngest digital asset to earn such a listing.

The confirmation comes after VanEck CEO Jan van Eck stirred speculation by praising Hyperliquid’s technology, governance, and rollout directly on X. “We are bullish on Hyperliquid,” he wrote, revealing that the firm has held HYPE for several months.

A VanEck spokesperson later clarified that development of a HYPE ETF is underway in both the U.S. and EU. If regulators give the green light, the fund would even stake HYPE at launch, highlighting VanEck’s long-term commitment. The firm is also weighing a buyback or ecosystem-support initiative similar to programs it once used to bolster Bitcoin and Ethereum ETFs.

Importantly, VanEck emphasized the ETF effort is independent of Hyperliquid’s ongoing governance debates, including Agora’s stablecoin proposal.

If approved, this HYPE ETF would mark a major milestone for the Hyperliquid network and its expanding HyperEVM ecosystem, which has recently attracted high-profile developers and institutional interest. The move also strengthens VanEck’s reputation as a pioneer in crypto ETFs, adding to its earlier launches tied to Bitcoin, Ether, and BNB.

At the time of writing, HYPE traded around $55.61, up nearly 2% in the past 24 hours—reflecting growing market anticipation for what could be a watershed moment in decentralized finance.