HYPE joins the NCIQ ETF at a 3.36% weighting, while institutional backer Multicoin Capital reduces its stake by 75% through consistent exchange deposits.
HYPE has gained institutional legitimacy through its inclusion in the Hashdex NCIQ ETF with a 3.36% weighting, providing a new regulated vehicle for investor exposure. However, this positive development is tempered by significant selling pressure from Multicoin Capital, which has offloaded approximately 75% of its position despite maintaining a long-term bullish price target of $319.
HYPE met the index's requirements for liquidity, market capitalization, custody support, and SEC generic listing standards for crypto ETPs.
Multicoin Capital has sold approximately 75% of the 4 million HYPE tokens it accumulated earlier in 2026.
Solana's weighting within the Hashdex NCIQ ETF was increased from 3.2% to 3.79% during the fund's quarterly rebalancing. This adjustment reflects the asset's continued prominence in the index, where it currently ranks as the fourth-largest holding behind Bitcoin, Ethereum, and XRP.
As of September 1, 2026, Solana holds a 3.79% weighting in the NCIQ fund, making it the fourth-largest asset.
Bitcoin weighting in NCIQ ETF decreased from 78% to 74.36% following HYPE addition.
Ethereum remains second-largest holding in the ETF with minimal direct impact from HYPE inclusion.
XRP's 5.21% weighting in the ETF was unaffected by the addition of HYPE.
Hashdex has integrated HYPE into its Nasdaq CME Crypto Index ETF (NCIQ) with a 3.36% weighting, marking the token's entry into a regulated investment product. This inclusion coincides with significant selling activity from Multicoin Capital, which has offloaded approximately 75% of its HYPE holdings despite previously issuing a bullish $319 price target for the asset by 2028.
HYPE met the index's specific requirements for liquidity, market capitalization, custody support, and SEC generic listing standards during the quarterly rebalancing process.
While Multicoin has offloaded a significant portion of its holdings, the token continues to receive support from protocol-level buybacks and new institutional demand via the NCIQ ETF.