Hyperliquid (HYPE) Requires Derivatives for ETF Filing Approval
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- ETF Filing Requirements: Hyperliquid (HYPE) requires approximately 40% exposure to derivatives to meet the structural requirements for ETF approval, but the current market does not meet regulatory expectations, leaving the ETF in a theoretical phase.
- Infrastructure Development: Major asset managers like BlackRock and Fidelity need to build derivatives markets to manage risk and provide liquidity, while Hyperliquid's infrastructure is being prepared for much larger assets, with a market cap of $6.3 billion.
- Strong Demand Indicators: Despite lacking a complete derivatives market, HYPE absorbed $320 million in unlocks in early January, maintaining a price near $26.64, indicating that market demand is not purely speculative.
- Regulatory and Market Dynamics: The development of Hyperliquid's derivatives market is controlled by large financial institutions, and Wall Street will only engage once all regulatory boxes are checked, making the current ETF discussions just the beginning of a longer process.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
