Hashdex’s Nasdaq CME Crypto Index ETF (NCIQ) has expanded its portfolio to nine assets with the addition of Hyperliquid’s $HYPE token, according to a Tuesday press release. The move brings one of the largest decentralized trading platforms into a diversified crypto investment product.

$HYPE was added to the NCIQ effective Tuesday after qualifying for inclusion in the Nasdaq CME Crypto Index. The index requires constituent assets to meet criteria covering market capitalization, liquidity, custody availability and regulatory standards for crypto exchange-traded products.

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With $HYPE now included, the Nasdaq CME Crypto Index comprises Bitcoin, Ethereum, Solana, XRP, Hyperliquid, Stellar, Cardano, Chainlink and Bitcoin Cash. The composition gives NCIQ exposure to a wide range of crypto networks and use cases.

NCIQ began trading in February 2025 with only Bitcoin and Ether. Hashdex has since expanded the portfolio through successive index reconstitutions, adding assets as they meet the index’s rules.

Commenting on the addition of $HYPE, Hashdex CIO Samir Kerbage said NCIQ’s decision shows how the fund can adapt as the crypto market develops, giving investors systematic exposure to emerging ecosystems rather than requiring them to chase individual 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 surged nearly 230% this year to around $83, outperforming many major crypto assets. Hyperliquid is meanwhile in talks with Kraken parent Payward over a potential US offering of selected perpetual futures through CFTC-regulated Bitnomial.