Bitwise has added HYPE, the native token of the Hyperliquid decentralized exchange, to the Bitwise 10 Crypto Index ETF as part of its latest rebalance. The change was disclosed through Bitwis
Bitwise has added HYPE, the native token of the Hyperliquid decentralized exchange, to the Bitwise 10 Crypto Index ETF as part of its latest rebalance.
The change was disclosed through Bitwise's crypto asset index rebalance notifications page, which tracks updates to the composition of the firm's index products. Bitwise also flagged the update on its official X account.
The Bitwise 10 Crypto Index ETF, which trades under the ticker BITW, holds a market-cap-weighted basket of the ten largest crypto assets that meet the fund's eligibility criteria. Periodic rebalances add or remove constituents based on shifts in market capitalization and liquidity. For related coverage, see Grayscale HYPE ETF Claim Lacks SEC S-1 Proof.
HYPE's inclusion means the fund now provides investors with exposure to Hyperliquid, a layer-1 blockchain and perpetual futures exchange. The addition is a portfolio-composition update, not a protocol upgrade or new token launch. For related coverage, see Nexo launches crypto card in Argentina for spending and borrowing.
BITW's current portfolio holdings reflect the updated basket. Investors in the fund gain indirect exposure to HYPE without needing to custody the token directly. For related coverage, see ESMA Opens Dedicated Review of Crypto Custody Providers in the EU.
For investors who access crypto through regulated ETF wrappers, the rebalance broadens their exposure to include a newer decentralized exchange protocol. HYPE's addition signals that Hyperliquid's market capitalization has grown large enough to meet Bitwise's index eligibility thresholds. For related coverage, see Digital Chamber Files Amicus Brief Urging Dismissal of New York Lawsuit.
The move comes amid growing institutional interest in crypto-native DeFi tokens through traditional fund structures. Separately, questions have emerged around other asset managers' HYPE-related ETF filings, though the Bitwise rebalance is a distinct, index-driven process.
No confirmed data is available on market reaction to the rebalance, fund inflows tied to the change, or the exact weighting HYPE now carries in the basket. The rebalance notification confirms the addition but does not disclose percentage allocations or which asset, if any, was removed to make room.
Investors tracking broader regulatory developments affecting crypto ETFs should note that index-level rebalances like this one operate under the fund's existing methodology and do not require separate SEC approval.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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