PANews reported on September 11th that, according to Blockworks , VanEck plans to file for a Hyperliquid spot-collateralized ETF in the US and launch related trading products in Europe. Hyperliquid , a Layer-1 blockchain set to launch in 2023 , recently ranked first in network revenue for four consecutive weeks. VanEck stated that net profits from the product may be partially used to repurchase HYPE tokens, which are currently not listed on major US exchanges. The ETF and ETP products still require regulatory approval.