HYPE Token Rises as US Crypto Index ETF Adds It

The price of HYPE continues to rise as it benefits from its recent inclusion in a US crypto index ETF. The token now holds a 3.4% weighting, making it the fifth-largest holding behind Solana and Bitcoin. According to Wu Blockchain, Hashdex's NCIQ crypto index ETF added Hyperliquid's HYPE token for the first time, giving it exposure within a US crypto index product.

The portfolio adjustments also affected larger holdings, with Bitcoin's weighting declining from 78% to 74.6%, and Solana's allocation increasing from 3.2% to 3.7%. The inclusion of HYPE in the ETF is seen as a positive development for the token, potentially leading to increased demand and pushing its price towards $90 or higher.

However, technical analysts caution that ETF inclusion alone does not guarantee additional buying pressure. A shift in momentum could expose the token to lower support levels, with the $76 level now representing an important area to watch.