Hype Token Enters Regulated Market with NCIQ Listing

A significant milestone has been reached in the crypto market as Hyperliquid's native token, HYPE, was added to Hashdex's Nasdaq Crypto Index US ETF (NCIQ) for the first time. This marks a major development for HYPE, particularly in terms of access to regulated investment products, especially those based in the US.

The inclusion of HYPE in NCIQ gives it a 3.4% weighting, making it the fifth largest asset in the ETF portfolio. Bitcoin (BTC) constitutes the largest portion of the portfolio with 74.6%, down from around 78% previously. Ethereum (ETH) ranks second with 11.8%, while XRP has a weighting of 5.1%. Solana's (SOL) share increased from 3.2% to 3.7%

HYPE is the native token of the decentralized cryptocurrency exchange Hyperliquid. This development is considered significant for HYPE, as it opens up new opportunities for investment and exposure in regulated markets.