Bitwise reorganized its core companies Bitwise 10 Crypto Index ETF (BITW), the biggest headline of the rebalance is the arrival of Hyperliquid. $HYPE Tokens – This move shows how dramatically the decentralized trading sector has entered the institutional allocation discussion.
Important points
- superfluid ($HYPE) and Stella ($XLM) was added to the Bitwise 10 Crypto Index ETF (BITW) in its latest rebalancing.
- Polka dot pattern ($dot) and Avalanche ($AVAX) have been removed from the fund.
- $HYPE Posted Trading volume is $1.34 trillion and Revenue of $320 million The first half of 2026 will represent a year-to-date increase of 165%.
- After rebalancing, $HYPE has an approximate value 0.95% weighting in the fund.
- The reconstitution was driven by optimization of constituent weights and market capitalization rankings.
Updated Bitwise 10 Crypto Index ETF holdings
Announced on July 9, 2026, the BITW Rebalance reflects a clear view of where market capitalization and momentum has shifted across crypto asset classes. Two tokens will be in, two will be out, and their choices will determine which projects retain institutional relevance and which fall from the rankings.
together $HYPE, Stella ($XLM) Ranked in the index. On the other side of the ledger, Polka dot pattern ($dot) and avalanche($AVAX) It was cut. Both were considered high-quality layer 1 assets during much of the previous bull cycle, but a reconstitution process built around constituent weight optimization and market capitalization rankings determined they no longer met the criteria for inclusion.
for $dot and $AVAX For holders, its removal from one of the cryptocurrency’s most prominent index products is a meaningful signal. Index inclusion tends to drive passive demand. Exclusions can quietly work in the opposite direction.
Performance metrics that justify Hyperliquid adoption
$HYPE‘s entry into the Bitwise Crypto Index ETF was not a speculative bet. That was confirmed by one of the most outstanding performance records in the sector in the first half of 2026. The numbers clearly show that.
Hyperliquid recorded Trading volume is $1.34 trillion For the first six months of 2026 alone. During the same period, the protocol Revenue of $320 million. And the token itself is Up 165% since the beginning of the year This is an outstanding number for any asset class, let alone a market known for its high volatility.
After rebalancing, $HYPE It has a weight of approximately 0.95% within the fund. This number may seem conservative, but within a tightly constructed index of 10 major crypto assets, every basis point reflects a deliberate allocation decision. Getting even a little bit into the basket is a more important milestone.
what makes it so $HYPE What is interesting from an inclusion analytical perspective is how the BITW methodology is evolving. Hyperliquid is a decentralized perpetual exchange that acts as a DeFi-native infrastructure rather than a layer 1 general-purpose blockchain. Its entry alongside established names suggests that the index is increasingly focusing on real economic activity, revenue generation, and on-chain volume as indicators of legitimacy, rather than just network age and developer ecosystem size.
ETF rebalancing standards and market impact
BITW’s reconstitution follows a rules-based process based on constituent weight optimization and market capitalization rankings. While this framework maintains methodological transparency, it also means that the composition of the fund will continue to change as crypto markets mature and relative rankings change.
The broader implications are worth waiting and watching. Index rebalancing in traditional finance is a routine practice. In the case of cryptocurrencies, these are particularly important as this asset class still lacks the deep passive investment infrastructure of stocks. When a large index fund like BITW moves assets in and out, it influences how some institutional and private capital flows through the space, sending a signal to the broader market about which tokens are treated as durable allocations and which tokens have disappeared from the conversation.
The departure of Polkadot and Avalanche, once mainstays of the top 10, underscores that their positions in crypto indexes are not permanent. The same competitive pressure when you jump $HYPE Introduction to an institutional perspective could easily work the other way.
FAQ
Which assets were added and removed in the latest Bitwise 10 Crypto Index ETF rebalancing?
superfluid ($HYPE) and Stella ($XLM) was added to the Bitwise 10 Crypto Index ETF (BITW), while Polkadot ($dot) and Avalanche ($AVAX) has been removed.
Why did we become Hyper Liquid? ($HYPE) Added to Bitwise 10 Crypto Index ETF?
$HYPE The addition was based on strong performance in the first half of 2026, including $1.34 trillion in transaction volume, $320 million in revenue, and 165% year-to-date price appreciation.
What criteria was used to rebalance the Bitwise 10 Crypto Index ETF?
The rebalancing was carried out using constituent weight optimization and market capitalization rankings as the main criteria for index reconstruction.
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