Hyperliquid ETF institutional exposure reaches $74.9 million

Institutional interest in U.S.-listed Hyperliquid ETFs is expanding, with 30 known entities reporting a combined exposure of approximately $74.9 million as of June 30. According to Bloomberg Intelligence analysis of 13F filings, the top five holders—Wealth High Governance Asset Management, OLP Capital Management, UBS, Bank of Montreal, and Jane Street—account for roughly 70.8% of the total disclosed positions.

Wealth High Governance Asset Management, based in Brazil, holds the largest single position with nearly $24 million in the 21Shares THYP fund. Other major participants include UBS with $7.5 million and Jane Street with $4.4 million. These disclosures provide the first detailed look at institutional involvement in the HYPE token through regulated investment vehicles.

Since their respective launches in mid-2024, the three primary Hyperliquid ETFs—offered by 21Shares, Bitwise, and Grayscale—have seen significant activity. Bitwise’s BHYP fund recently recorded a $10.5 million net inflow on September 4, following a four-day period of inactivity. Total net inflows across all three Hyperliquid ETF products have reached approximately $356.58 million, with total net assets valued at $480.86 million as of early September.