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Asset manager VanEck is pursuing a Hyperliquid spot staking ETF while advancing tokenized fund integration on the Euler decentralized finance protocol.
Asset manager VanEck is expanding its digital asset strategy by planning a spot staking exchange-traded fund (ETF) for the Hyperliquid (HYPE) token in the United States and a similar exchange-traded product (ETP) in Europe [1]. Simultaneously, the firm is integrating its tokenized funds into the Euler decentralized finance (DeFi) protocol, marking a significant step in the convergence of traditional Wall Street institutions and on-chain finance [2].
Key takeaways
VanEck’s interest in Hyperliquid stems from the layer-1 blockchain’s rapid growth since its 2023 launch and its consistent performance in network revenue [1]. Matt Maximo, a senior digital assets investment analyst at VanEck, stated that the firm has prioritized Hyperliquid within its liquid fund this year [1]. To support the token’s market activity, the firm is exploring a mechanism to allocate a percentage of profits from the proposed investment vehicles toward HYPE buybacks, mirroring the project’s existing revenue-sharing model [1].
While the path for a European ETP appears clearer—following a successful launch of a Hyperliquid ETP by 21Shares in August—the U.S. regulatory environment remains complex [1]. VanEck representatives noted that an ETF could potentially provide U.S. investors with access to HYPE, which is not currently listed on major domestic exchanges like Coinbase [1]. Although some observers have linked VanEck’s plans to a stablecoin proposal by Agora, a startup co-founded by CEO Jan van Eck’s son, the firm maintains that its ETF efforts are entirely separate [1].
Beyond its ETF ambitions, VanEck is actively utilizing DeFi infrastructure to bridge traditional finance with blockchain technology [2]. The deployment of its tokenized fund on the Euler protocol serves as a practical demonstration of how institutional capital is moving on-chain [2]. This development aligns with broader industry trends where platforms like Solana are also being utilized to provide the scalability and security required for large-scale tokenization projects [2].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · May 31, 2026 · How we report
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The dual approach of seeking regulated ETF products while simultaneously deploying funds into DeFi protocols highlights VanEck’s strategy to capture institutional demand for digital assets [1, 2]. While these moves signal a growing institutional presence in the crypto space, the firm’s success remains subject to regulatory review and broader market volatility [1, 2]. As traditional companies continue to enter the sector, the industry is closely watching how these institutional-grade products will navigate the current regulatory landscape and shifting investor sentiment [1, 2].