Bitwise just reshuffled its marquee crypto index fund, and two familiar names didn’t make the cut. The asset manager removed Polkadot (DOT) and Avalanche (AVAX) from the Bitwise 10 Crypto Index ETF (BITW) on July 9, replacing them with Hyperliquid (HYPE) at a 0.93% weighting and Stellar (XLM) at 0.38%.
Here’s the thing: DOT and AVAX were part of the original roster when BITW debuted on the NYSE Arca back in December 2025. Their tenure lasted roughly six months.
What changed and why it matters
BITW tracks a market-cap-weighted index of the ten largest crypto assets. HYPE currently sits as approximately the 10th largest cryptocurrency by market capitalization, hovering around $15 billion. That ranking is driven largely by the protocol’s dominance in decentralized perpetual futures trading.
Stellar slotted in at a more modest 0.38% allocation. XLM has been around since 2014, making it one of the elder statesmen of the altcoin world.
