HYPE enters Hashdex crypto ETF as fifth-largest holding

Hyperliquid's HYPE token entered the Hashdex Nasdaq CME Crypto Index ETF for the first time. HYPE has a 3.4% weighting in the fund. HYPE is the fund's fifth-largest holding. HYPE ranks behind Bitcoin, Ethereum, XRP, and Solana. The ETF tracks the Nasdaq CME Crypto Settlement Price Index. The index reflects the daily close of the Nasdaq CME Crypto Index. The fund held roughly $431.37 million in net assets as of September 1. Shares closed at $19.46 that day. The fund's net asset value was $19.50. Bitcoin's weighting fell from 78% to 74.6% in the update. Solana's weighting rose from 3.2% to 3.7%. Ethereum, XRP, Cardano, Chainlink, Stellar, and Bitcoin Cash are the fund's other holdings. Hyperliquid is a layer-1 blockchain built around onchain perpetual futures trading. HYPE reached an all-time high of $84.80 in late August. A buyback program funded by reserve yield helped drive that rally. HYPE traded at $81.76 as of publication. HYPE was up 5.74% over 24 hours. HYPE's market capitalization was near $18.31 billion. HYPE ranked tenth among all cryptocurrencies. The listing adds to institutional demand for crypto ETFs this year. Spot Bitcoin ETF inflows have stayed strong. Solana ETF inflows recently reached a multi-month high. S&P Dow Jones and Pantera have a Bitcoin-free benchmark that excludes BTC. Future rebalances could determine whether HYPE's weighting keeps growing.