Hyperliquid’s native token, $HYPE, has been included within the portfolio of a US-based crypto index ETF for the primary time. Added to Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), $HYPE now holds a 3.4% weighting, making it the fifth largest asset within the ETF.
In line with the newest index composition launched by Hashdex, Bitcoin ($BTC) constitutes the most important portion of the portfolio with 74.6%. The truth that Bitcoin’s earlier weighting was round 78% signifies that the share of $BTC has been diminished with the latest adjustment.
Ethereum (ETH) ranks second with 11.8%, whereas XRP has a weighting of 5.1%. Solana’s (SOL) share elevated from 3.2% to three.7%. $HYPE, with a weighting of three.4%, is the fifth largest element of the ETF portfolio, proper behind Solana.
$HYPE’s inclusion in NCIQ is taken into account a big growth for the token, notably when it comes to entry to regulated funding merchandise, particularly these primarily based within the US.
$HYPE is named the native token of the decentralized cryptocurrency trade Hyperliquid.
*This isn’t funding recommendation.
