VanEck plans to apply for the launch of Hyperliquid spot pledged ETF in the United States

According to BlockBeats, on September 11, according to Blockworks, VanEck plans to apply for Hyperliquid spot pledged ETF in the United States and apply for a trading platform trading product (ETP) in Europe. Matt Maximo, senior investment analyst at VanEck Digital Assets, said Hyperliquid has been a major focus for corporate liquidity funds this year. Kyle Dacruz, director of product at VanEck, added that the company is considering distributing a portion of its net profit for investment products to HYPE buybacks. Currently, Hyperliquid has used almost all of its platform revenue to HYPE repurchases. As for when VanEck's HYPE ETF application will take effect, the two did not comment. A spokesperson for the company also did not immediately respond to a request for comment.