Hyperliquid Joins Hashdex's Nasdaq CME Crypto Index ETF

Crypto index investing is expanding beyond the largest tokens as institutional products increasingly absorb newer digital assets that meet stricter liquidity, custody, and regulatory standards.

Hashdex's Nasdaq CME Crypto Index ETF (NASDAQ:NCIQ) has added Hyperliquid (CRYPTO:HYPE) to its portfolio, taking it to nine cryptocurrencies. HYPE's inclusion follows its addition to the Nasdaq CME Crypto Index, which requires constituents to meet minimum requirements for liquidity, market capitalization, exchange availability, custody support, and compatibility with Nasdaq's generic listing standards for crypto ETPs.

The fund launched in February 2025 with only Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH), but has expanded through successive quarterly reconstitutions. NCIQ now has exposure to Bitcoin, Ethereum, Solana, XRP, Stellar, Cardano, Chainlink, Bitcoin Cash, and Hyperliquid.

The Nasdaq CME Crypto Index is designed to evolve as the market changes rather than maintain a fixed basket. Assets must trade on at least two approved exchanges, have support from a qualified custodian, and satisfy liquidity requirements. Eligible assets also need to represent at least 0.5% of the market capitalization of the eligible universe before they can be considered for inclusion.