Hashdex’s Nasdaq CME Crypto Index ETF (NCIQ) has expanded to nine assets after adding Hyperliquid’s $HYPE token, according to a Tuesday press release. The inclusion gives the diversified crypto investment product exposure to one of the largest decentralized trading platforms.
Hyperliquid joins the Nasdaq CME Crypto Index
$HYPE was added to NCIQ on Tuesday after meeting the requirements for inclusion in the Nasdaq CME Crypto Index. The index evaluates constituent assets based on market capitalization, liquidity, custody availability and regulatory standards for crypto exchange-traded products.
With $HYPE included, the Nasdaq CME Crypto Index now consists of Bitcoin, Ethereum, Solana, XRP, Hyperliquid, Stellar, Cardano, Chainlink and Bitcoin Cash. The expanded composition gives NCIQ exposure to a broad range of crypto networks and use cases.
NCIQ began trading in February 2025 with exposure to only Bitcoin and Ether. Hashdex has expanded the fund through successive index reconstitutions, adding assets as they satisfy the index’s eligibility rules.
Hashdex highlights NCIQ’s evolving crypto exposure
Hashdex CIO Samir Kerbage said the addition demonstrates the fund’s ability to adapt as the crypto market develops. He said NCIQ is designed to provide systematic exposure to emerging ecosystems without requiring investors to pursue individual market narratives.
“When we launched NCIQ in February 2025 with two assets, the whole point was that the portfolio would expand as the market matured. And that’s exactly what’s happening,” Kerbage stated. “Hyperliquid’s innovative approach to decentralized trading, combined with recent regulatory advances, has made its ecosystem an increasingly important part of crypto and financial markets — and $HYPE’s inclusion in NCIQ reflects that maturity.”
$HYPE has risen nearly 230% this year to approximately $83, outperforming many major crypto assets. Hyperliquid is also in talks with Kraken parent Payward about a potential US offering of selected perpetual futures through CFTC-regulated Bitnomial.
