Hashdex's Nasdaq-listed crypto ETF now includes Hyperliquid, putting the token alongside Bitcoin and XRP. The change follows a fresh rebalance by the SEC that shifted the index's top asset weights. The fund, which tracks a basket of digital assets, now holds three positions.
What the rebalance changed
The SEC's rebalance adjusted the weights of the top assets in the index, and that reshuffling opened the door for Hyperliquid. The token wasn't in the fund before this cycle. Now it's in, and the other two assets remain. The exact weightings aren't public, but the move signals a shift in how the regulator views the relative importance of these tokens.
Why Hyperliquid made the cut
The inclusion suggests Hyperliquid has gained enough traction to be considered a top-tier digital asset by the index's methodology. The SEC doesn't pick tokens arbitrarily; the rebalance follows a set of criteria that weigh market activity and other factors. Hyperliquid's addition is a signal that it's now in the same conversation as Bitcoin and XRP. It's a notable step for a token that's been building out its ecosystem.
The fund now holds three assets instead of two. That's a broader mix for investors who want exposure to crypto without picking individual coins. It also means the ETF's performance will be tied to Hyperliquid's price swings, for better or worse. For Hashdex, it's a way to keep the product relevant as the market evolves.
The SEC's role
The rebalance is part of the SEC's oversight of the index. The regulator periodically reviews the composition and adjusts weights to reflect current market conditions. This isn't a one-off event; it's a routine process that keeps the fund aligned with its stated methodology. The SEC's involvement adds a layer of regulatory scrutiny that some investors may find reassuring.
The next rebalance will come at some point down the road, and whether Hyperliquid stays in the fund will depend on how it holds up against the same criteria that got it in. For now, it's a three-asset fund.
