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Bitwise just swapped two 2021 blue chips for Hyperliquid @Bitwise's flagship crypto index ETF rebalanced, and the changing of the guard is stark. Out: Polkadot and Avalanche. In: Hyperliquid and Stellar's stellar:native. DOT and AVAX were top-tier L1s last cycle, both now down more than 95% from their 2021 peaks. $HYPE walked in as the fund's fifth-biggest holding, on the back of $1.34 trillion in first-half exchange volume.
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