Hashdex Expands NCIQ with HYPE Token Amid Crypto Market Surge

Hashdex has made an addition to its Nasdaq CME Crypto Index ETF (NCIQ) by including Hyperliquid's HYPE token. This brings the total number of crypto assets in the fund's portfolio to nine, reflecting Hashdex's rules-based approach to adapting to market changes.

The inclusion of HYPE is significant as it has surged nearly 230% this year, diversifying NCIQ's exposure across various crypto networks and use cases. According to Hashdex's CIO, this growth aligns with the fund's goal to systematically include emerging crypto ecosystems rather than chasing individual trends.

The addition of HYPE to NCIQ comes as the cryptocurrency market has experienced a surge in August 2026, adding about $500 billion to push total market capitalization above $2.7 trillion. This growth was driven by supportive comments from key players and the U.S. Treasury's decision to double bond buybacks.