Bitwise 10 Crypto Index ETF adds Hyperliquid (HYPE) and Stellar (XLM), removes Polkadot (DOT) and Avalanche (AVAX) in quarterly rebalance.
Macro & Markets ·
Bitwise has added Hyperliquid (HYPE) and Stellar (XLM) to its Bitwise 10 Crypto Index ETF (BITW), while removing Polkadot (DOT) and Avalanche (AVAX), as part of a quarterly rebalance tied to constituent weight optimization and market capitalization rankings. HYPE, which recorded $1.34 trillion in trading volume and $320 million in revenue during the first half of 2026, entered the fund with an approximate 0.95% weighting after posting a 165% year-to-date gain.
The rebalance reflects changes in the relative size and performance of crypto assets tracked by the index. The removal of DOT and AVAX signals a shift in which established layer-one networks retain positions in the fund, while the addition of XLM and the inclusion of HYPE—a newer entrant with substantial trading activity—indicate changing market dynamics within the broader crypto ecosystem.
It remains unclear whether further adjustments are planned in subsequent quarters or how the fund's other holdings responded to the reconstitution.