EL7.AI
CryptoUpdated•Originally published 9 July 2026•Updated 9 July 2026•
1 min read

Bitwise Rebalances Crypto Index ETF, Drops Polkadot and Avalanche

Key Facts

1Bitwise has removed Polkadot (DOT) and Avalanche (AVAX) from its flagship Bitwise 10 Crypto Index ETF (BITW).
2Hyperliquid (HYPE) and Stellar (XLM) were added to the fund during its latest monthly rebalance.

In a move reflecting the shifting market caps and liquidity dynamics within the digital asset sector, Bitwise Asset Management has reshuffled its flagship Bitwise 10 Crypto Index ETF (BITW). The firm removed Polkadot (DOT) and Avalanche (AVAX) from the fund's holdings during its latest monthly rebalance. Conversely, Hyperliquid (HYPE) and Stellar (XLM) were added to the index to fill the vacancies left by the departing assets.

This rebalancing occurs as crypto funds seek to optimize portfolio performance relative to market trends; while AVAX has seen some momentum fade compared to the previous year, Stellar has benefited from renewed network activity. Per market data, removal from major indices often triggers selling pressure from index-tracking funds, contributing to the mixed performance seen across the altcoin landscape recently.

Investors should monitor the liquidity impact on DOT and AVAX in the coming days following their removal from this prominent ETF. Additionally, global traders are looking ahead to Fed Governor Waller's speech on July 6, 2026, which could influence broader risk appetite across the cryptocurrency market.