Institutions Disclose Nearly $75 Million in Hyperliquid ETF Exposure

Institutional investors disclosed nearly $75 million of exposure to Hyperliquid through exchange-traded funds as of June 30, underscoring growing participation by traditional financial firms in products tied to the HYPE token.

According to figures compiled by Bloomberg ETF analyst James and highlighted by Coin Bureau, 30 institutions reported holdings across three Hyperliquid ETFs, representing exposure equivalent to roughly 1.15 million HYPE tokens. The disclosed positions had a combined value of about $74.9 million.

The figures come from regulatory filings and therefore reflect positions reported as of June 30 rather than current holdings. Institutional filings can also provide limited information about an investor’s broader strategy, including whether a position is hedged or offset elsewhere.

UBS, Bank of Montreal and Jane Street Among Major Holders

Wealth High Governance Asset Management reported the largest position, valued at $23,948,236. OLP Capital followed with $10,495,651, while UBS held $7,525,757.

Bank of Montreal reported $6,693,261 in exposure, followed by Jane Street with $4,381,110. The five largest disclosed positions therefore represented a substantial portion of the institutional exposure identified in the filings.

The filings provide evidence that exposure to HYPE is no longer limited to crypto-focused investors. UBS and Jane Street, in particular, are established participants in global financial markets, while Bank of Montreal is one of Canada's largest banking institutions.

Hyperliquid ETF Market Expands Institutional Access

The disclosures come as regulated investment products tracking HYPE have become more established in U.S. markets. Bitwise's Hyperliquid ETF, for example, reported holding 1,959,065 HYPE as of June 30, with the position valued at $128.26 million under its principal-market valuation. Grayscale's Hyperliquid Staking ETF reported 1,941,395 HYPE worth $127.10 million on the same date.

The growing availability of exchange-traded products gives institutional investors a regulated markets structure through which they can obtain HYPE exposure without necessarily holding the token directly. That could broaden the investor base for Hyperliquid while also making institutional flows increasingly relevant to liquidity and market sentiment.

The next question for investors is whether subsequent quarterly filings will show that the institutional positions identified by Seyffart have increased, declined or remained broadly unchanged since June 30.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.