Bitwise removes Polkadot and Avalanche from top crypto ETF, adds Hyperliquid and Stellar.

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.