The launch puts VanEck’s hyperliquid:native ETN on a major German exchange, expanding exchange-traded crypto market access through a listed note structure.
VanEck’s hyperliquid:native ETN, traded under the ticker VHRL, has started its first day of trading on Frankfurt Stock Exchange in Frankfurt, Germany. The product is an exchange-traded note, or ETN (unsecured debt instrument tracking an asset), giving investors listed market access to Hyperliquid-related exposure without directly holding the underlying crypto asset. Its debut on a major European exchange highlights the continued use of regulated exchange-traded vehicles to broaden access to digital asset markets.