Bitwise has officially included Hyperliquid’s native token HYPE in the Bitwise 10 Crypto Index ETF (BITW), the world’s largest crypto index fund, while removing Polkadot (DOT) and Avalanche (AVAX) during the latest monthly rebalance. The change also added Stellar (XLM) to the fund’s basket. HYPE received an approximate weighting of 0.95% as of July 7, 2026, according to the updated holdings data.
The addition reflects Hyperliquid’s strong performance in the first half of 2026, with the platform posting $1.34 trillion in trading volume, $320 million in revenue, and a 165% year-to-date gain for HYPE. The token’s rapid ascent pushed it into the top large-cap crypto basket tracked by Bitwise’s index, which screens assets by market capitalization and liquidity.
BITW rebalances monthly, adjusting constituents and weightings based on market rankings and screening criteria. The removal of DOT and AVAX signals that their market positions no longer met the index’s inclusion thresholds. While such passive fund adjustments can create temporary selling pressure on removed assets, the long-term impact depends on broader adoption and liquidity.
The inclusion gives HYPE a new layer of institutional visibility inside a diversified investment product, potentially generating passive buying demand as the fund rebalances. However, the token’s small weight means that BITW-related flows are modest compared to Bitcoin and Ethereum, which dominate the index. Earlier in 2026, crypto.news reported that HYPE-linked ETFs had already crossed $100 million in cumulative net inflows, reflecting growing traditional finance interest before the BITW entrance.
Future rebalances could again shift the composition if market dynamics change, keeping the index responsive to evolving crypto large-cap rankings.
