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XRP Hyperliquid's HYPE token rose to US$83 after being included in the Hashdex ETF, and whale investors bought US$11.8 million.
Hyperliquid's HYPE token rose 1.29% to approximately US$83 after being included in Hashdex's Nasdaq CME Cryptocurrency Index ETF. This move has stimulated investor interest and attracted a large amount of institutional funds.
ETF expands and adds new asset allocation
Global digital asset management company Hashdex updated its NASDAQ CME Cryptocurrency Index ETF (trading code NCIQ) on September 1, 2026 to include HYPE in diversified positions. After this adjustment, the number of digital assets tracked by the fund increased from 8 to 9.
HYPE's allocation ratio in the index is 3.36%. The majority of the index's weight is still concentrated in Bitcoin (74.36%), followed by Ethereum (11.88%), XRP (5.21%) and Solana (3.79%). The rest includes Stellar, Cardano, Chainlink and Bitcoin Cash.
The specific ETF configurations are as follows: Bitcoin 74.36%, Ethereum 11.88%, XRP 5.21%, Solana 3.79%, Hyperliquid (HYPE) 3.36%, and the rest consists of Stellar, Cardano, Chainlink, and Bitcoin Cash.
NCIQ was first launched by Hashdex in February 2025 and initially only provided investment exposure to Bitcoin and Ethereum. The ETF uses a rules-based approach to score candidate assets based on liquidity, market value, custody infrastructure and regulatory compliance criteria.
Samir Kerbage, chief investment officer of Hashdex, said that there were long-term plans when it was launched in February 2025:"The original NCIQ was launched in February 2025 with only two assets, with the purpose of expanding the future asset portfolio." Kerbage also pointed to Hyperliquid's decentralized architecture and emphasized that improved regulatory clarity could help its ecosystem play a greater role in mainstream financial markets.
Strategic Equity Adjustments and Market Dynamics
Hyperliquid Strategies, the capital markets arm of Hyperliquid Platform, has expanded equity financing arrangements for investment bank Chardan Capital Markets from US$1 billion to US$2.5 billion. According to regulatory documents, this framework increases the amount of available financing, but does not mean that the corresponding funds have actually been raised.
The actual return of the arrangement will depend on market conditions and stock issuance. Hyperliquid Strategies said the proceeds could be used for general corporate expenses, including but not limited to additional acquisitions of HYPE tokens, but did not set minimum allocation requirements.
As of August 19, the company held 29.3 million HYPE tokens. Since December 2025, Hyperliquid Strategies has spent US$773.4 million on approximately 16.5 million HYPE tokens at an average price of US$46.77 each.
Meanwhile, on September 1, Hyperliquid Strategies 'NASDAQ-listed stock PURR closed at $11.36, down 7.3% on the day. The price remains below the $12.02 reference point associated with updated stock offering terms.
The surge in activity on the chain has further boosted market interest: Analyst Ted (@TedPillows) posted on X that an unidentified whale investor had purchased $11.8 million in HYPE in 24 hours, driving up trading volume and social media attention. An anonymous investor accumulated $11.8 million worth of HYPE in just one day, highlighting the continued hoarding and the market's confidence in the token.
Broader plans and new partnerships
The Hyperliquid platform is reportedly in talks with Payward, the parent company of U.S. cryptocurrency exchange Kraken. Discussions focused on providing regulated perpetual futures products to U.S. traders-an area increasingly seen as a bridge between decentralized agreements and traditional markets. A timetable for the conclusion of the negotiations has not yet been announced. Against the backdrop of regulatory review and evolving products, market participants are closely watching the outcome of negotiations.
