Hyperliquid's HYPE Token Becomes Fifth Largest Holding in Hashdex Crypto ETF
The native token of Hyperliquid, HYPE, has been added to the Nasdaq CME Crypto Index ETF (NCIQ) as its fifth-largest holding with a weighting of 3.4%. This marks the first time HYPE is included in a US-listed crypto index exchange-traded fund. The addition follows an update that reduced Bitcoin's weighting from 78% to 74.6%, while Solana increased slightly to 3.7%. As of September 1, NCIQ held $431.37 million in net assets with a share price of $19.46. Hyperliquid is a layer-1 blockchain focused on perpetual futures trading and has seen significant growth recently due to its reserve yield-funded buyback program. HYPE's current market cap stands at approximately $18.31 billion, ranking it tenth among all cryptocurrencies. The inclusion in the ETF reflects growing institutional interest in crypto assets beyond Bitcoin. The future trajectory of HYPE’s weighting within NCIQ will depend on upcoming index rebalances and evolving selection criteria from other benchmark providers.
Topics: cryptocurrency ETFs Hashdex Hyperliquid