30 institutions hold $74.9 million in Hyperliquid ETF exposure

Thirty well-known institutions had collectively invested $74.9 million in the three available Hyperliquid ETFs as of 30 June. This is according to 13F data compiled by Bloomberg ETF analyst James Seyffart. The exposure amounts to more than 1.15 million HYPE tokens. The HYPE price currently stands at $87, up 2.7% over the past 24 hours.

Hyperliquid is available at OKX and Bybit.

In short:

• 30 institutions had invested a combined $74.9 million in Hyperliquid ETFs as of 30 June
• Wealth High Governance Asset Management is the largest holder with nearly $24 million
• The five largest holders account for more than 70% of the total known exposure

Wealth High Governance and major banks lead the way

Wealth High Governance Asset Management tops the list with an exposure of $23.9 million, representing 368,224 HYPE. In second place is OLP Capital Management with $10.5 million, followed by UBS with $7.5 million and the Bank of Montreal with $6.7 million.

Jane Street rounds out the top five with a stake of $4.4 million. These five parties together hold $53 million, which amounts to approximately 70.8% of the total known exposure.

Institutional interest grows, also for other crypto ETFs

The data shows that besides major asset managers, well-known trading houses such as Flow Traders and Virtu Financial have also built up exposure to Hyperliquid ETFs. Advisers such as HighTower Advisors and Van Eck Associates are also on the list.

The growing institutional interest in crypto ETFs is visible more broadly. For instance, Bitcoin ETFs attracted as much as $731 million on 3 September, illustrating the sustained demand from professional investors. In comparison, the Hyperliquid ETFs are still relatively small, but the involvement of thirty institutions points to the token’s growing reach within the regulated investment world.