Bitwise Adds HYPE and XLM to BITW ETF, Removes DOT and AVAX

Bitwise made changes to its Bitwise 10 Crypto Index ETF (BITW), the world's largest crypto index fund, by adding Hyperliquid (HYPE) and Stellar (XLM) while removing Polkadot (DOT) and Avalanche (AVAX). The rebalancing reflects a shift in institutional investors' preferences for digital assets, according to Bitwise. Polkadot and Avalanche were removed because both crypto assets failed to meet the required criteria in terms of market capitalization and index weighting.

BITW ETF Portfolio Composition After Rebalancing

Following the rebalancing, Bitcoin remains the ETF's largest asset with a weighting of 77.54%. Ethereum maintains second place with a portfolio weighting of 13.04%. XRP is represented at 4.21%, Solana at 2.78%, HYPE at 0.95%, Cardano at 0.39%, Stellar at 0.38%, Chainlink at 0.34%, Litecoin at 0.21%, and Sui at 0.17%.

Hyperliquid Performance Data

Hyperliquid delivered a strong performance in the first half of 2026, achieving $1.34 trillion in transaction volume and $320 million in protocol revenue. HYPE gained approximately 165% in value during the same period, becoming one of the strongest performing projects and entering the top 10 cryptocurrencies by market capitalization.

Bitwise Explains Polkadot and Avalanche Removal

Bitwise stated that both Polkadot and Avalanche failed to meet the required criteria in terms of market capitalization and index weighting, leading to their removal from the index.

FAQ

What cryptocurrencies did Bitwise add to its BITW ETF? Bitwise added Hyperliquid (HYPE) and Stellar (XLM) to its Bitwise 10 Crypto Index ETF.

Why did Bitwise remove Polkadot and Avalanche from BITW? Bitwise removed Polkadot and Avalanche because both crypto assets failed to meet the required criteria in terms of market capitalization and index weighting.

What is HYPE's weighting in the BITW ETF after rebalancing? HYPE holds approximately 0.95% of the fund's weighting after the rebalancing.