Bitwise Adds Hyperliquid's HYPE Token to Top-Cap Crypto Basket

Hyperliquid's HYPE token has entered the Bitwise 10 Crypto Index ETF (BITW), a move that gives investors exposure to a basket of large crypto assets rather than a single token.

The addition comes after strong trading activity pushed HYPE into Bitwise’s top large-cap crypto basket, displacing DOT and AVAX in the process.

According to Bitwise, the fund tracks the Bitwise 10 Large Cap Crypto Index, which covers the largest screened crypto assets by market value.

The weight of HYPE in the fund is close to 1%, with reports placing it near 0.95%.