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 first time, joining Hashdex's Nasdaq CME Crypto Index ETF (NCIQ) at a 3.4% weighting.

The addition makes HYPE the fund's fifth-largest holding, ranking 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 reflects the daily close of the Nasdaq CME Crypto Index (NCI), built under Nasdaq and CME Group methodology.

The fund held roughly $431.37 million in net assets as of September 1. Shares closed that day at $19.46, against a net asset value of $19.50, according to the fund's disclosures.

Bitcoin's weighting dropped from 78% to 74.6% in the update. Solana's share climbed from 3.2% to 3.7% over the same period.

Ethereum, XRP, Cardano (ADA), Chainlink (LINK), Stellar (XLM), and Bitcoin Cash (BCH) round out the remaining holdings.

Momentum Builds for Hyperliquid

Hyperliquid is a layer-1 blockchain built around onchain perpetual futures trading. Perpetual futures let traders speculate on price without owning the underlying asset.

HYPE reached an all-time high of $84.80 in late August. A new buyback program funded by reserve yield helped drive that rally.