30 institutions hold $75M in Hyperliquid ETF exposure: 13F data

Thirty institutional investors collectively held roughly $74.9 million in Hyperliquid ETF products as of June 30, according to the latest round of quarterly 13F filings. The disclosures represent the first window into who exactly has been buying into one of crypto’s more unconventional ETF bets: a fund tracking the native token of a decentralized perpetual exchange.

Bloomberg Intelligence ETF analyst James Seyffart flagged the data, which shows a mix of asset managers, banks, and trading firms staking early positions in the newly launched products.

Who’s buying, and how much

The largest disclosed holder is Wealth High Governance Asset Management, a Brazil-based firm that reported approximately $23.95 million in 21Shares’ THYP fund. That translates to 632,614 shares, making it the single dominant position in the entire filing cohort.

Behind Wealth High Governance, the roster gets more recognizable. OLP Capital Management disclosed roughly $10.5M in holdings. UBS followed at $7.5M, Bank of Montreal at $6.7M, and Jane Street at $4.4M.

Those top five holders account for about 70.8% of the total reported exposure, or roughly $53M. The remaining 25 institutions split the other $22M or so among themselves.