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An Altcoin Began Trading in Spot ETFs for the First Time in Its History

source-logo  en.bitcoinsistemi.com 2 h
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Hyperliquid’s native token, $HYPE, has been included in the portfolio of a US-based crypto index ETF for the first time. Added to Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), $HYPE now holds a 3.4% weighting, making it the fifth largest asset in the ETF.

According to the latest index composition released by Hashdex, Bitcoin ($BTC) constitutes the largest portion of the portfolio with 74.6%. The fact that Bitcoin’s previous weighting was around 78% indicates that the share of $BTC has been reduced with the recent adjustment.

Ethereum (ETH) ranks second with 11.8%, while XRP has a weighting of 5.1%. Solana’s (SOL) share increased from 3.2% to 3.7%. $HYPE, with a weighting of 3.4%, is the fifth largest component of the ETF portfolio, right behind Solana.

$HYPE’s inclusion in NCIQ is considered a significant development for the token, particularly in terms of access to regulated investment products, especially those based in the US.

$HYPE is known as the native token of the decentralized cryptocurrency exchange Hyperliquid.

*This is not investment advice.

en.bitcoinsistemi.com