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VanEck plans to apply for a Hyperliquid Spot staking ETF and ETP
According to reports on September 11, 【区块律动】 VanEck plans to apply for a Hyperliquid Spot Stake ETF in the United States and apply for a trading platform product (ETP) in Europe.
VanEck's Senior Investment Analyst for Digital Assets, Matt Maximo, stated that Hyperliquid has been a major focus of the company's liquidity fund this year. Kyle Dacruz, Director of Digital Asset Products at VanEck, added that the company is considering allocating a portion of the net profits from investment products to HYPE buybacks. Currently, Hyperliquid has allocated almost all of its platform revenue to HYPE buybacks.
As for when VanEck's HYPE ETF application will take effect, the two did not comment. The company's spokesperson also did not immediately respond to the request for comment.