Hyperliquid and Stellar Join Bitwise 10 Index Following HYPE Rally

Key Facts

In a move reflecting the rapid shifts in market capitalization within the emerging digital asset space, Bitwise Asset Management has updated the constituents of its Bitwise 10 Crypto Index ETF (BITW). According to reports, Hyperliquid (HYPE) and Stellar (XLM) have been added to the fund, while Polkadot (DOT) and Avalanche (AVAX) were removed. This inclusion follows a significant 165% price rally for HYPE, which allowed it to meet the eligibility criteria for joining the major crypto index.

The inclusion of HYPE in the BITW fund serves as institutional validation for the project's growth, as Bitwise manages billions in assets across its product suite. Compared to peers, Stellar (XLM) has seen a resurgence in price momentum recently, whereas assets like AVAX faced selling pressure that led to their removal from the index per market data. Experts suggest that HYPE's entry into index ETFs provides sustained passive inflows from institutional investors seeking regulated crypto exposure.

Traders are closely monitoring broader US economic data; notably, the recently released Non-Farm Payrolls (NFP) came in at 57k, significantly below the 110k forecast, which may impact risk appetite across the digital asset market in the coming days.