Plans for a Hyper-Liquid ETF Application in the US | Paypal to Join Stablecoin Proposal

Asset management firm VanEck plans to apply for a physical staking ETF in the US for the popular DEX governance token 'HYPE', according to two employees who spoke to Blockworks. The firm is also planning to apply for an Exchange Traded Product (ETP) in Europe, making HYPE the newest cryptocurrency ETF in their portfolio. Matt Maximo, a senior digital asset investment analyst at VanEck, stated that Hyper-Liquid has been a major focus for the company's liquidity fund this year. Kyle Dakruz, the firm's director of digital asset products, mentioned that the investment product...