TechFlame reports that according to market news, VanEck plans to apply for a Hyperliquid spot pledge ETF in the US and launch related trading products in Europe. Hyperliquid is a Layer-1 blockchain launched in 2023, and recently has topped the network's revenue for four consecutive weeks. VanEck said that part of the net profit of the product may be used for HYPE token repurchase. Currently, the token is not listed on major US exchanges. The ETF and ETP products are still subject to regulatory approval.