HYPE Enters Bitwise 10 Crypto ETF as DOT and AVAX Get Cut From BITW

:HYPE joins Bitwise 10 Crypto ETF with 0.95% weighting, while DOT and AVAX are removed in the latest BITW rebalance.

Bitwise has added Hyperliquid’s HYPE token to the Bitwise 10 Crypto Index ETF, known as BITW. 

The rebalance also removed Polkadot and Avalanche from the fund. The update places HYPE inside one of the most watched crypto index products. 

It gives the token a reported weighting of about 0.95% after the latest change.

Stellar was also added during the same index reconstitution. Bitwise said the adjustment followed constituent weight optimization and market capitalization rankings.

The move follows a strong first half of 2026 for Hyperliquid. HYPE recorded $1.34 trillion in trading volume, $320 million in revenue, and a 165% year-to-date gain.

Bitwise Adds HYPE to BITW

Bitwise has officially included HYPE in the Bitwise 10 Crypto Index ETF. BITW is described as the world’s largest crypto index fund. 

The fund gives investors exposure to selected large crypto assets through one product.

The addition gives HYPE an approximate 0.95% weighting in BITW. That allocation can create passive demand as the fund rebalances its holdings. 

However, the size of buying depends on fund assets and market conditions. The index change also brought Stellar into the fund. 

At the same time, Polkadot and Avalanche were removed from the basket. These changes reflect the latest ranking and weighting process used by Bitwise.

DOT and AVAX Leave the Index

Polkadot and Avalanche were removed as part of the same reconstitution. Their exclusion means BITW no longer tracks them among its current top index holdings. 

This may reduce passive fund exposure to both tokens. Index removals can lead to selling when funds adjust their portfolios. 

Still, such moves do not alone define the long-term value of any asset. Market liquidity, adoption, and wider investor demand also remain important.

The rebalance shows how crypto index products can shift as market leaders change. 

Tokens with stronger volume, revenue, and market position may gain access. Others can lose weight when they fall behind ranking rules.

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Hyperliquid Metrics Support Index Entry

Hyperliquid posted $1.34 trillion in trading volume during the first half of 2026. 

The platform also recorded $320 million in revenue during that period. HYPE gained 165% year to date, according to the figures provided.

Those numbers helped support the case for HYPE’s inclusion in BITW. The asset has moved from a perpetual exchange token into a broader market asset. 

Its role in the index may increase attention from institutional and passive investors. The addition does not remove market risk for HYPE holders. 

Crypto index flows can change during future rebalances. For now, Bitwise’s decision places HYPE in a higher-profile position within the crypto ETF market.

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