Hyperliquid’s HYPE entered the Hashdex Nasdaq CME Crypto Index ETF (NCIQ) on September 1, receiving a 3.36% allocation. The U.S.-listed product gives investors exposure to Hyperliquid through a diversified crypto basket. The move signals that the token has met the index’s eligibility standards.
HYPE Gets 3.36% NCIQ Weight as Crypto ETF Adds Ninth Asset
Hashdex Asset Management said HYPE qualified under the Nasdaq CME Crypto Index methodology. Requirements include liquidity, market capitalization, qualified-custodian support and compliance with SEC generic listing standards for crypto ETPs. These filters distinguish the addition from a discretionary portfolio decision.
NCIQ has expanded from eight to nine assets, with HYPE becoming its fifth-largest holding behind Bitcoin, Ethereum, XRP and Solana. Hashdex CIO Samir Kerbage said, “HYPE’s inclusion in NCIQ reflects that maturity.” He said the structure offers systematic exposure to an evolving ecosystem rather than requiring investors to pick winners.
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NCIQ Holds 74.36% Bitcoin After HYPE Joins the ETF in 2026
The September rebalancing also changed the fund’s distribution. Bitcoin fell from 78.63% to 74.36%, while Ethereum rose to 11.88%, XRP to 5.21% and Solana to 3.79%, according to Hashdex’s SEC filing. HYPE enters a portfolio still dominated by Bitcoin.
For investors, the 3.36% allocation provides HYPE exposure without making the token the fund’s main performance driver. That matters because HYPE can remain volatile inside a diversified vehicle. NCIQ shareholders therefore receive HYPE exposure while retaining broader crypto diversification.
HYPE ETF Exposure Expands With NCIQ’s 3.36% Allocation in 2026
For HYPE holders, the ETF addition creates another route for U.S. investors to obtain exposure through an exchange-traded product. HYPE is used for transaction fees and staking on Hyperliquid, according to the SEC filing. The filing says a portion of exchange fees is used to repurchase HYPE.
The development connects Hyperliquid more closely with institutional crypto-market infrastructure. Nasdaq describes the underlying index as a dynamic benchmark designed to represent a portion of the digital asset market. Its rules-based structure means constituent exposure can change as eligibility, liquidity and market capitalization change.
9-Asset NCIQ ETF Adds HYPE as Index Review Continues in 2026
The ETF addition does not guarantee new demand or a higher HYPE price. Actual buying pressure will depend on NCIQ inflows, rebalancing, and Hyperliquid’s market performance, so the inclusion should not be treated as a price forecast. Its significance is another regulated-market access point for investors.
The next watchpoint is whether Hyperliquid remains eligible during future index reviews. Hashdex says NCIQ is rebalanced quarterly, allowing weights to rise or fall with the methodology. The key issue is whether liquidity and market capitalization support HYPE’s place in the basket.
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