Hashdex Expands Crypto ETF with Addition of Hype Token
Hashdex has expanded its Nasdaq CME Crypto Index ETF to include Hyperliquid's HYPE token. This addition brings the total number of assets in the fund to ten, with HYPE joining Bitcoin, Ether, Solana, XRP, Stellar, Cardano, Chainlink, and Bitcoin Cash.
The inclusion of HYPE was based on its meeting the Nasdaq CME Crypto Index's eligibility requirements, which assess factors such as market capitalization, liquidity, custody support, and regulatory considerations. The index also applies SEC generic listing standards for crypto asset exchange-traded products.
HYPE is now available to investors through a rules-based investment product without needing to directly purchase the token. This move highlights growing institutional interest in crypto networks that support active financial markets.