Key facts
- Hyperliquid (HYPE) price rose 1.29% to around $83.
- Hashdex is adding HYPE to its Nasdaq CME Crypto Index ETF (NCIQ).
- The change will take effect on September 1, 2026.
- HYPE will have a 3.36% weighting in the NCIQ ETF.
- The NCIQ ETF's index now includes nine cryptocurrencies.
- Hyperliquid is exploring offering perpetual futures to U.S. traders.
Hyperliquid's native token, HYPE, saw its price rise by 1.29% to approximately $83 following the announcement that Hashdex will include it in its Nasdaq CME Crypto Index ETF (NCIQ). This strategic addition, set to take effect on September 1, 2026, will expand the NCIQ ETF's portfolio from eight to nine cryptocurrencies.
HYPE qualified for inclusion in the Nasdaq CME Crypto Index by meeting stringent requirements related to liquidity, market capitalization, qualified custody support, and regulatory listing standards. The index, which initially launched in February 2025 with Bitcoin and Ethereum, has since been reconstituted to include other eligible digital assets.
The current composition of the Nasdaq CME Crypto Index includes Bitcoin (74.36% weighting), Ethereum (11.88%), XRP (5.21%), Solana (3.79%), and now Hyperliquid (3.36%), alongside Stellar, Cardano, Chainlink, and Bitcoin Cash. HYPE's weighting places it as the fifth-largest asset within the fund.
Hashdex Chief Investment Officer Samir Kerbage explained that the NCIQ ETF was designed for expansion as the cryptocurrency market evolves. He highlighted Hyperliquid's decentralized trading model and recent regulatory developments as key factors for its inclusion, noting the growing importance of such ecosystems in financial markets. Kerbage also emphasized the benefits of index investing for providing systematic exposure to a dynamic crypto market without requiring individual asset selection by investors.
This ETF inclusion coincides with Hyperliquid's efforts to gain greater access to the U.S. market. The decentralized trading platform, known for its perpetual futures products, is reportedly in discussions with Kraken parent Payward and the CFTC-regulated exchange Bitnomial to potentially offer selected perpetual futures to U.S. traders. Historically, Hyperliquid has faced restrictions in serving U.S. users due to domestic regulations on derivatives trading, and any expansion would be subject to U.S. regulatory oversight.