The first public look at institutional ownership of US Hyperliquid exchange-traded funds arrived with the latest round of 13F filings. Bloomberg Intelligence ETF analyst James Seyffart compiled the reports and found that 30 firms disclosed combined holdings of about $74.9 million as of June 30.
The figure is modest beside Bitcoin or Ethereum ETF books, yet it is the earliest official record of who bought the new products that track HYPE, the native token of the Hyperliquid blockchain.
NEW: Earlier this week i took a look at the Hyperliquid ETFs and their 13F reporting. Here's a look at all the known holders of the three ETFs. hyperliquid:native pic.twitter.com/99rcQ8bsFs
— James Seyffart (@JSeyff) September 4, 2026
The funds themselves are still young. 21Shares listed THYP on Nasdaq on May 12.
Bitwise followed three days later with BHYP on the NYSE. Grayscale completed the trio on June 3 with HYPG, a staking-focused vehicle.
By the June 30 snapshot, the products had been trading for only a few weeks.
That makes the first 13Fs a narrow window rather than a mature census of ownership.
They still matter because they show which professional names chose to appear in the opening quarter.
Wealth High Governance Asset Management, a Brazil-based firm, reported the largest single stake.
Its filing listed 632,614 shares of the 21Shares fund, valued at $23,948,236 on June 30.
That one position accounted for nearly a third of all disclosed exposure. OLP Capital Management ranked second with roughly $10.5 million.
UBS came third at $7.5 million, Bank of Montreal fourth at $6.7 million, and Jane Street fifth at $4.4 million.
Those five holders together reported about $53 million, or more than 70 percent of the known total.
Seyffart’s list continued with Discovery Capital, Brevan Howard, Balyasny, and Boothbay.
Farther down were much smaller entries, including $22,068 from Royal Bank of Canada and $1,103 from Tower Research Capital.
The concentration at the top is typical of a new ETF category: a handful of early movers take the bulk of the visible book, while the rest of the roster is long and thin.
13F data has well-known limits. Only institutions that manage more than $100 million in specified US securities must file.
The reports omit many retail buyers, smaller advisers, and some hedge funds that fall below the threshold or hold exposure through vehicles that do not require disclosure.
They also arrive with a lag. Positions listed as of June 30 could have been bought or sold weeks earlier.
Later filings will show whether these firms added, reduced, or exited.Even with those caveats, the presence of UBS and Jane Street is notable.
Both are familiar names in traditional markets. Jane Street is a major liquidity provider in ETFs.
UBS is a global bank with a large wealth and asset-management franchise.
Their appearance so soon after launch suggests that at least some professional desks treated the Hyperliquid funds as more than a curiosity.
Hyperliquid itself has grown quickly as an on-chain venue for perpetual futures.
The platform lists contracts on crypto tokens and, through its HIP-3 system, on traditional assets such as indexes, commodities, and pre-IPO names.
That mix has drawn trading volume that would once have stayed on centralized exchanges.
The spot ETFs gave conventional allocators a regulated wrapper and a brokerage ticker.
Early inflows into THYP and BHYP were relatively strong for an altcoin debut. The 13Fs now confirm that part of that demand came from institutions rather than only retail flow.
The holdings remain small in absolute terms.
They represent a first-quarter snapshot, not a forecast. What they do establish is that a mix of banks, trading firms, and asset managers took measurable positions in the funds’ opening weeks. Whether those positions grow in later filings will be the next test of how far institutional interest in HYPE extends beyond the initial novelty of listed products.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!