Hyperliquid Joins Hashdex's Crypto ETF as Fifth-Largest Holding

Hyperliquid has become the fifth-largest holding in Hashdex's Crypto ETF after being added at a 3.36% weighting on September 1, 2026.

The addition reduces Bitcoin's share of the fund from 78% to 74.36%, and puts Hyperliquid behind only four other assets: Bitcoin, Ethereum, XRP, and Solana.

Multicoin Capital, a prominent institutional backer, has been reducing its position in Hyperliquid, selling close to 75% of its original 4 million tokens accumulated in February and March 2026.

The firm had valued Hyperliquid at $319 by 2028 in a June 25 report, but deposited roughly $59 million worth of the token to Coinbase over the following month as it cut its position.