Bitwise Portfolio Shakeup: Two Major Altcoins Dropped, Replaced by These Assets

Bitwise has updated its Bitwise 10 Crypto Index ETF (BITW) portfolio—the world’s largest crypto index fund—adding Hyperliquid (HYPE) and Stellar (XLM) while parting ways with Polkadot (DOT) and Avalanche (AVAX).

Bitwise, one of the leading asset management firms in the cryptocurrency market, announced the rebalancing operation for its flagship Bitwise 10 Crypto Index ETF (BITW). This update, based on market capitalization and asset weight optimization, led to strategic shifts within the fund’s composition.

Standing out as the fund’s new star, Hyperliquid (HYPE) was included in the list following its massive performance in the first half of 2026. Gaining 165% in value since the beginning of the year, HYPE proved its worth by generating $1.34 trillion in trading volume and $320 million in revenue. Following these strong metrics, the asset secured a weighting of approximately 0.95% within the fund.

HYPE and XLM Era in Bitwise Portfolio

As part of the restructuring, Stellar (XLM) was also added to the list, while Polkadot (DOT) and Avalanche (AVAX) were excluded. Looking at the current portfolio allocation, Bitcoin maintains the lion’s share at 77.54%, followed by Ethereum at 13.04%. XRP and Solana (SOL) hold positions with 4.21% and 2.78% shares, respectively, while the newly added HYPE found its place in the index at a price level of $67.00.

In the lower tiers of the fund, projects such as Cardano (ADA), Stellar (XLM), Chainlink (LINK), Litecoin (LTC), and Sui (SUI) are featured. Notably, Sui (SUI) managed to keep its spot in the index despite being at the bottom of the list with a 0.17% share. This move by Bitwise is closely watched by institutional investors, as it directly reflects shifts in market liquidity and performance.