Hashdex has added Hyperliquid’s HYPE token to the Hashdex Nasdaq CME Crypto Index ETF, expanding the fund’s holdings to nine crypto assets. The change took effect immediately after HYPE met the index’s requirements covering market size, trading activity, custody support and regulatory standards.
HYPE was the fifth-largest asset in the portfolio when it joined the ETF with a weighting of 3.36%. It is currently included in the ETF with Bitcoin, Ethereum, XRP, Solana, Stellar, Cardano, Chainlink and Bitcoin Cash.
The addition was included in the most recent quarterly update of the Nasdaq CME Crypto Index, which establishes which assets can be included in the fund. In simple terms, crypto assets must meet a set of criteria before they can become part of the index.
Source: x.com
For investors holding the Hashdex Nasdaq CME Crypto Index ETF, the change provides exposure to HYPE through the fund itself. They do not need to purchase the token separately to gain that exposure. The addition also gives the ETF a broader mix of crypto assets as the market continues to develop.
The fund has come a long way since its launch. Hashdex introduced the ETF in February 2025 with only Bitcoin and Ethereum. Its portfolio gradually expanded as additional cryptocurrencies met the index’s eligibility requirements. HYPE is the latest addition, taking the number of assets from eight to nine.
Hashdex Chief Investment Officer Samir Kerbage said the fund was designed to evolve with the crypto market. He pointed out that the original portfolio was deliberately built to expand as new assets met the index’s rules.
Source: globalnewswire.com
The inclusion of HYPE also highlights the growing profile of the Hyperliquid ecosystem. Hyperliquid is known for its decentralised trading platform, particularly its perpetual futures market, where traders can take positions on crypto prices without a fixed expiry date.
The move comes as Hyperliquid explores ways to expand its presence among US users. Hyperliquid and Payward, the parent company of Kraken, have reportedly discussed offering some perpetual futures products to US traders through Bitnomial, a derivatives exchange regulated by the Commodity Futures Trading Commission.
For now, the most immediate development is within the Hashdex ETF. HYPE’s 3.36% allocation places it ahead of smaller positions in Cardano, Chainlink, Stellar and Bitcoin Cash. Bitcoin remains the largest asset in the portfolio.
The addition of HYPE also demonstrates how an index-based crypto fund can evolve without requiring investors to continually choose individual tokens themselves. As cryptocurrencies meet the index’s eligibility rules during future reviews, the ETF can potentially adjust its holdings accordingly.
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