Bitwise has dropped Polkadot (DOT) and Avalanche (AVAX) from its flagship Bitwise 10 Crypto Index ETF (BITW). Hyperliquid (HYPE) and Stellar (XLM) were added to the fund’s latest monthly rebalance.

BITW works like a crypto stock index fund. It automatically holds the 10 largest eligible coins by market cap, so investors gain exposure to HYPE and XLM without buying them directly.

Why Hyperliquid and Stellar Entered the Bitwise 10 Crypto Index ETF

Bitwise’s rebalance results show HYPE entering at a 0.93% weight and XLM at 0.38%. That makes HYPE the fund’s fifth-largest holding, ahead of…