VanEck plans to file for a Hyperliquid spot staking ETF in the US and an exchange-traded product in Europe, two employees at the firm told Blockworks.

HYPE would become the youngest token to earn an ETF filing from the crypto-friendly investment management firm, which currently offers bitcoin and ether ETFs among other crypto funds. 

Hyperliquid has been a major focus for VanEck’s liquid fund this year, VanEck senior digital assets investment analyst Matt Maximo said.

The firm is considering allocating a percentage of the investment products’ net profits to HYPE buybacks, digital assets products director Kyle Dacruz added. Hyperliquid currently performs HYPE buybacks equal…

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