Hyperliquid‘s HYPE token rose 1.29% to around $83 following its addition to Hashdex’s Nasdaq CME Crypto Index ETF, growing investor interest and attracting significant institutional moves.
ETFs expand amid fresh allocations
Hashdex, a global digital asset manager, updated its Nasdaq CME Crypto Index ETF (trading under the ticker NCIQ) on September 1, 2026, to include HYPE among its diversified holdings. With this move, the fund now tracks nine digital assets instead of eight.
HYPE was entered into the index with a 3.36% allocation. The majority of the index remains concentrated in Bitcoin at 74.36%, with Ethereum at 11.88%, XRP at 5.21%, and Solana at 3.79%. The rest of the portfolio also features Stellar, Cardano, Chainlink, and Bitcoin Cash.
| Asset | ETF Allocation (%) |
|---|---|
| Bitcoin | 74.36 |
| Ethereum | 11.88 |
| XRP | 5.21 |
| Solana | 3.79 |
| Hyperliquid (HYPE) | 3.36 |
| Stellar, Cardano, Chainlink, Bitcoin Cash | Remainder |
NCIQ was initially launched by Hashdex in February 2025, offering investors exposure to only Bitcoin and Ethereum. The ETF applies a rules-based methodology, scoring candidates on liquidity, market capitalization, custodial infrastructure, and adherence to regulatory standards.
ETH
SOL
BSC
ROBINHOOD
USDT
AAPLHashdex Chief Investment Officer Samir Kerbage said the intention in February 2025 was always future growth: “The intention behind launching NCIQ in February 2025 with two assets was always portfolio expansion.”
Kerbage also pointed out Hyperliquid’s decentralized architecture, noting that increasing regulatory clarity helps position its ecosystem for larger roles in mainstream financial markets.
Mini dictionary: Hashdex is a global asset management company specializing in crypto and blockchain investment products, known for offering publicly traded cryptocurrency ETFs in multiple countries.
Strategic equity move and market activity
Hyperliquid Strategies, the capital markets division affiliated with the Hyperliquid platform, expanded its equity financing facility with investment bank Chardan Capital Markets from $1 billion to $2.5 billion. According to regulatory filings, this framework boosts available capacity for financing but does not represent funds that have already been raised.
The actual proceeds from this arrangement will depend on market conditions and share issuance volumes. Hyperliquid Strategies stated that proceeds could cover general corporate expenses, including, but not limited to, additional HYPE token acquisitions, although no minimum allocation is required.
As of August 19, the firm held 29.3 million HYPE tokens. Since December 2025, Hyperliquid Strategies spent $773.4 million to buy roughly 16.5 million HYPE tokens at an average of $46.77 apiece.
Meanwhile, on September 1, shares of PURR, Hyperliquid Strategies’ Nasdaq-listed company stock, ended at $11.36, decreasing by 7.3% over the session. This price remains below the $12.02 reference point related to the updated share issuance terms.
A new spike in on-chain activity further drove interest: Analyst Ted (@TedPillows) wrote on X that an unidentified whale investor accumulated $11.8 million in HYPE over a 24-hour window, sparking momentum in both trading volume and social media attention.
An anonymous investor accumulated $11.8 million worth of HYPE in just one day, highlighting ongoing accumulation and investor confidence in the token.
Broader plans and new partnerships
Hyperliquid’s platform is also reported to be engaged in talks with Payward, the parent company of US-based crypto exchange Kraken. Discussions center on offering regulated perpetual futures products to United States traders—an area increasingly seen as a bridge between decentralized protocols and traditional markets.
Mini dictionary: Payward is the parent company of Kraken, one of the largest US-based cryptocurrency exchanges known for both spot and futures trading services.
No timeline has been publicized for the conclusion of these negotiations. Market participants are monitoring the outcome amid a climate of regulatory scrutiny and evolving product offerings in the US.
