Hyperliquid’s HYPE Joins Hashdex Crypto ETF as Fifth-Largest Holding
Hyperliquid’s (HYPE) native token has entered a US-listed crypto index exchange-traded fund (ETF) for the primary time, becoming a member of Hashdex’s Nasdaq CME Crypto Index ETF (NCIQ) at a 3.4% weighting.
The addition makes HYPE the fund’s fifth-largest holding, rating behind Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL).
How HYPE Entered the Hashdex Crypto ETF
NCIQ tracks the Nasdaq CME Crypto Settlement Price Index (NCIS). The index displays the each day shut of the Nasdaq CME Crypto Index (NCI), constructed underneath Nasdaq and CME Group methodology.
The fund held roughly $431.37 million in web belongings as of September 1. Shares closed that day at $19.46, towards a web asset worth of $19.50, in keeping with the fund’s disclosures.
Bitcoin’s weighting dropped from 78% to 74.6% within the replace. Solana’s share climbed from 3.2% to three.7% over the identical interval.
Ethereum, XRP, Cardano (ADA), Chainlink (LINK), Stellar (XLM), and Bitcoin Cash (BCH) spherical out the remaining holdings.
Momentum Builds for Hyperliquid
Hyperliquid is a layer-1 blockchain constructed round onchain perpetual futures buying and selling. Perpetual futures let merchants speculate on worth with out proudly owning the underlying asset.
HYPE reached an all-time high of $84.80 in late August. A brand new buyback program funded by reserve yield helped drive that rally.
As of publication, HYPE trades at $81.76, up 5.74% over 24 hours. Its market capitalization stands close to $18.31 billion, rating tenth amongst all cryptocurrencies.
The itemizing provides to regular institutional demand for crypto ETFs this yr. Spot Bitcoin ETF inflows have stayed robust, and Solana ETF inflows lately hit a multi-month high too.
Rival index suppliers have taken totally different approaches to asset choice. A Bitcoin-free benchmark from S&P Dow Jones and Pantera excludes BTC fully.
How future rebalances unfold might decide whether or not HYPE’s weighting retains rising.
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