$HYPE Becomes Top 5 Component in US-Based Crypto ETF

Hyperliquid's native token, $HYPE, has made history by becoming the fifth largest component of Hashdex's Nasdaq Crypto Index US ETF (NCIQ). The token now holds a 3.4% weighting in the portfolio, making it one of the top five assets alongside Bitcoin ($BTC), Ethereum (ETH), XRP, and Solana (SOL).

Bitcoin remains the largest portion of the portfolio with a 74.6% weighting, down from its previous share of around 78%. Ethereum ranks second with an 11.8% weighting, while XRP has a 5.1% share.

Solana's share increased from 3.2% to 3.7%, making $HYPE the fifth largest component behind it. This development is considered significant for $HYPE as it provides access to regulated investment products in the US, particularly through ETFs like NCIQ.