Vaneck，Hyproliquid和ETF边境：桥接Defi和华尔街

Vaneck通过超流液的Staking ETF进入Defi，这表明将Staging Rewards纳入传统投资产品的趋势不断增长。

VanEck, Hyperliquid, and the ETF Frontier: Bridging DeFi and Wall Street

Vaneck，Hyproliquid和ETF边境：桥接Defi和华尔街

VanEck, a major player managing over $100 billion in assets, is diving deeper into the crypto world. Their latest move? A Hyperliquid staking ETF, potentially opening up decentralized finance (DeFi) to a whole new audience. It's a bold step, blending traditional finance with the innovative world of crypto.

Vaneck是一名管理超过1000亿美元资产的主要参与者，正在深入加密世界。他们的最新举动？一个超流利的ETF，有可能向全新的受众开放分散的金融（DEFI）。这是一个大胆的一步，将传统的财务与创新的加密世界融合在一起。

Hyperliquid: The DeFi Darling

超流动：defi亲爱的

Hyperliquid has quickly become a force to be reckoned with in the decentralized derivatives space. Launched in 2023, this Layer-1 blockchain specializes in perpetual futures and leveraged trading. It's not just hype; we're talking billions in daily trading volume and revenues that rival established competitors. In fact, it dominates 80 percent of the decentralized perpetuals market, raking in over $100 million in revenue in a single month. That cash isn't just sitting around; it's almost entirely used to buy back HYPE tokens, reducing supply and boosting investor confidence.

在分散的衍生品空间中，超流动已迅速成为不可忽视的力量。该第1层区块链于2023年推出，专门从事永久期货和杠杆交易。这不仅仅是炒作；我们正在谈论数十亿美元的日常交易量和与竞争对手相媲美的收入。实际上，它占据了80％的分散永久性市场，一个月内收入超过1亿美元。那笔钱不只是坐在周围；它几乎完全用于回购炒作令牌，减少供应并增强投资者的信心。

VanEck's ETF: A Bridge to DeFi

Vaneck的ETF：通往Defi的桥梁

VanEck's proposed Hyperliquid staking ETF aims to simplify crypto exposure. Instead of wrestling with wallets and blockchain mechanics, investors get indirect access to HYPE tokens and benefit from staking yields. Think of it as a stock that offers crypto upside and staking rewards. VanEck handles all the technical staking operations, making it easy for anyone to get involved. It's a bridge connecting Wall Street to DeFi.

Vaneck提出的超流液含量ETF旨在简化加密货币的暴露。投资者没有与钱包和区块链机械师搏斗，而是间接获得炒作令牌，并受益于积分产量。可以将其视为提供加密货币上升空间和放入奖励的股票。 Vaneck处理所有技术放入操作，使任何人都可以轻松参与。这是一座连接华尔街到Defi的桥梁。

And speaking of staking, other regions are doing cool things too! Europe already has products like the 21Shares Hyperliquid ETP. Canada has spot Solana ETFs that incorporate staking rewards, and Latin American firms are even embedding staking returns to offset fees. The VanEck ETF isn't just a one-off; it's part of a global movement.

说到Staking，其他地区也在做很酷的事情！欧洲已经拥有像21shares超流动ETP这样的产品。加拿大拥有纳入的现场ETF，可以纳入积分奖励，而拉丁美洲公司甚至将静止收益嵌入到抵消费用。 Vaneck ETF不仅是一次性。这是全球运动的一部分。

The USDH Stablecoin: A Future Game Changer?

USDH Stablecoin：未来的游戏改变者？

Hyperliquid isn't stopping there; they're also planning to launch their own stablecoin, USDH. This move aims to boost liquidity and reduce reliance on other stablecoins like USDC and USDT. However, the USDH proposal has sparked debate, especially concerning compliance with the GENIUS Act, a U.S. policy framework for stablecoins. While the GENIUS Act promises clarity, the crypto community wonders how stablecoins can balance current legal compliance with future, undefined regulations. The key takeaway? It's less about being GENIUS-compliant today and more about having a skilled team ready to adapt when the rules are finalized.

杂种并没有停止在那里；他们还计划推出自己的Stablecoin USDH。此举旨在提高流动性并减少对USDC和USDT等其他稳定的依赖。但是，USDH提案引发了辩论，尤其是关于遵守《天才法案》的辩论，这是美国的政策框架。尽管《天才法》有望清晰，但加密货币社区想知道，稳定者如何在当前的法律遵守情况与未来的未定义法规之间取得平衡。关键要点？这与今天兼容天才的意义不大，而是更多关于在最终确定规则时准备适应的熟练团队。

The Road Ahead: Regulatory Hurdles and Token Demand

前面的道路：监管障碍和令牌需求

Of course, regulatory hurdles remain. The ETF still needs SEC approval, and the commission has been cautious about crypto staking products. But VanEck has a history of being first to file major crypto ETFs, lending credibility to this endeavor. If approved, the ETF could further reinforce token demand through potential HYPE buybacks and VanEck's research or governance contributions.

当然，仍然存在监管障碍。 ETF仍然需要SEC批准，并且委员会对加密货币产品持谨慎态度。但是Vaneck的历史是首先提交主要的加密ETF，并为这项努力提供信誉。如果获得批准，ETF可以通过潜在的炒作回购和Vaneck的研究或治理贡献进一步增强令牌需求。

Final Thoughts

最后的想法

The VanEck Hyperliquid staking ETF represents a significant step in merging traditional investment frameworks with DeFi opportunities. It offers investors a new way to capture both the price appreciation of HYPE tokens and staking yields through a familiar structure. It also mirrors the overall uptrend for Bitcoin, currently trading above $114,000, suggesting growing confidence in the crypto market as a whole.

Vaneck Hyproliquid Staking ETF代表了将传统投资框架与Defi机会合并的重要一步。它为投资者提供了一种新的方式，可以通过熟悉的结构来捕捉炒作令牌的价格欣赏和积分产量。它还反映了比特币的整体上升趋势，该比特币目前的交易量超过114,000美元，这表明对整个加密货币市场的信心越来越大。

So, what does this all mean? It means the lines between traditional finance and DeFi are blurring, and VanEck is leading the charge. Keep an eye on this space – it's gonna be a wild ride!

那么，这全是什么意思？这意味着传统金融和Defi之间的界限是模糊的，而Vaneck正在领导。密切关注这个空间 - 这将是一个疯狂的旅程！