VanEck plans to apply for a Hyperliquid spot staking ETF
Jinse Finance reported, citing market sources, that VanEck plans to apply for a Hyperliquid spot staking ETF in the United States and launch related trading products in Europe. Hyperliquid is a Layer-1 blockchain launched in 2023, and its network revenue has ranked first for four consecutive weeks. VanEck stated that a portion of the product's net profit may be used for HYPE token buybacks; currently, this token is not listed on major U.S. exchanges. The ETF and ETP products are still subject to regulatory approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%
Data: The current Crypto Fear & Greed Index is 29, indicating a state of fear.
Ethereum's net supply increased by 18,469 in the past 7 days
Trending news
MoreCrypto prices
More
