Bitwise 10 Crypto Index ETF Adds Hyperliquid After $1.34T Volume

Bitwise reshuffled its Bitwise 10 Crypto Index ETF (BITW) on July 9, 2026, adding Hyperliquid (HYPE) and Stellar (XLM) while removing Polkadot (DOT) and Avalanche (AVAX). The inclusion of HYPE followed the token's performance in the first half of 2026, which included $1.34 trillion in trading volume, $320 million in revenue, and a 165% year-to-date price gain. The rebalance reflects a shift in institutional allocation frameworks, with decentralized exchange infrastructure projects gaining recognition alongside established layer-1 blockchain networks based on constituent weight optimization and market capitalization rankings.

Bitwise 10 Crypto Index ETF Adds Hyperliquid and Stellar, Removes Polkadot and Avalanche

The BITW rebalance announced July 9, 2026, brought two tokens into the fund and removed two others. Hyperliquid (HYPE) and Stellar (XLM) were added to the index. Polkadot (DOT) and Avalanche (AVAX) were removed from the fund. Following the rebalance, HYPE carries an approximate 0.95% weighting in the fund. The reconstitution was driven by constituent weight optimization and market capitalization rankings.

Hyperliquid Records $1.34 Trillion Trading Volume and $320 Million Revenue in First Half of 2026

Hyperliquid recorded $1.34 trillion in trading volume in the first six months of 2026. Over the same period, the protocol generated $320 million in revenue. The token delivered a 165% year-to-date gain. Post-rebalance, HYPE holds an approximate 0.95% weighting in the fund. Hyperliquid operates as a decentralized perpetuals exchange.

Bitwise ETF Rebalance Follows Market Capitalization Rankings and Constituent Weight Optimization

The BITW reconstitution follows a rules-based process anchored in constituent weight optimization and market capitalization rankings. The rebalance announced July 9, 2026, reflects changes in market capitalization and momentum across the crypto asset class. Index rebalances in crypto influence how institutional and retail capital flows through the space. The exit of Polkadot and Avalanche marks a shift in which tokens are treated as durable allocations within the fund.

FAQ

Which assets were added and removed in the Bitwise 10 Crypto Index ETF rebalance announced July 9, 2026?

Hyperliquid (HYPE) and Stellar (XLM) were added to the Bitwise 10 Crypto Index ETF (BITW), while Polkadot (DOT) and Avalanche (AVAX) were removed.

What performance metrics supported Hyperliquid's inclusion in the Bitwise 10 Crypto Index ETF?

HYPE recorded $1.34 trillion in trading volume and $320 million in revenue in the first half of 2026, alongside a 165% year-to-date price gain.

What criteria were used to rebalance the Bitwise 10 Crypto Index ETF?

The rebalance was conducted using constituent weight optimization and market capitalization rankings as the primary criteria for index reconstitution.