Bitwise has added Hyperliquid’s HYPE token to its Bitwise 10 Crypto Index ETF (BITW), allowing investors to gain exposure to a diversified selection of significant cryptocurrency assets. This inclusion symbolizes a strong endorsement of HYPE’s momentum in the market.

Why This Development Matters

The addition of HYPE to the ETF is significant for both investors and the crypto market at large. It indicates that Hyperliquid is being recognized among leading crypto assets and that institutional interest is growing.

  • HYPE has surged by 165% year-to-date.
  • Hyperliquid reported $1.34 trillion in trading volume in the first half of 2026.
  • HYPE now accounts for nearly 1% of the BITW fund.

As reports show, the trading activity of HYPE has caught the attention of investors, leading to increased demand and significant inflows into related products, including ETFs.

Changes in ETF Composition

According to the latest data from July 7, 2026, HYPE has displaced both Polkadot (DOT) and Avalanche (AVAX) within the ETF. This shift occurred during Bitwise’s most recent index reconstitution, where assets are regularly reassessed based on market performance and liquidity. Therefore, HYPE's inclusion reflects not only its success but also the dynamic nature of the cryptocurrency marketplace.

Bitwise describes the ETF as the world’s first and largest crypto index fund, covering large-cap digital assets that have met stringent market criteria. HYPE’s place within this fund enhances its visibility among traditional financial investors, marking a step towards greater mainstream acceptance.

Looking Ahead: What’s Next for HYPE?

Investors will likely keep a close eye on HYPE’s performance in the coming months, especially considering potential rebalances. The changes to BITW's composition could also mean that other cryptocurrencies may enter or exit as market conditions shift. Additionally, the recent spike in interest around HYPE-linked products indicates that the coming months could bring even more volatility and investment opportunities.

Disclaimer: This material is for informational purposes only and is not financial advice.