Bitwise has updated its Bitwise 10 Crypto Index ETF by removing Polkadot (DOT) and Avalanche (AVAX), replacing them with Hyperliquid (HYPE) and Stellar (XLM). HYPE, now the 10th largest crypto by market cap, faces potential dilution risk due to 78% of its tokens still locked. Bitwise also launched a dedicated Hyperliquid ETF with staking options, signaling growing interest but also increased fee competition among crypto ETFs. Investors should watch for token unlocks that could impact HYPE's price and understand the unique risks compared to more established assets like Bitcoin and Ethereum.
Cryptocurrency markets display varied price changes, with Bitcoin trading near $62,833, up 0.99%, and Ethereum around $1,744, up 0.24%. Other notable coins like Binance Coin and Avalanche also show modest gains, while some altcoins experience slight ...
Bitwise updated its Bitwise 10 Crypto Index ETF by removing Avalanche (AVAX) and Polkadot (DOT) and adding Stellar (XLM) and Hyperliquid (HYPE). This change reflects a shift toward crypto assets with strong revenue, as Hyperliquid has shown impressiv...
Bitwise has added Hyperliquid's HYPE token to its Bitwise 10 Crypto Index ETF (BITW), replacing Polkadot (DOT) and Avalanche (AVAX) following a monthly rebalancing. HYPE's strong trading volume and market growth, including a 165% year-to-date gain an...
