$357 Million Flows Into Funds Tracking HYPE: Positions of 30 Firms Disclosed

Thirty firms, including UBS, Jane Street, and Bank of Montreal, have disclosed total positions of $74.9 million in Hyperliquid ETFs.

Institutional access to Hyperliquid has become more visible with the first ownership filings. The disclosed amounts do not represent direct HYPE token ownership but rather shares in ETFs that track the token.

According to the list published by Bloomberg Intelligence ETF analyst James Seyffart, the largest position belongs to Brazilian asset manager Wealth High Governance Asset Management. As of June 30, the institution held 632,614 shares worth $23.9 million in 21Shares’ HYPE fund.

OLP Capital Management ranked second on the list with a $10.5 million position. UBS’s position was recorded at $7.5 million, Bank of Montreal at $6.7 million, and Jane Street at $4.4 million. Discovery Capital, Brevan Howard, Balyasny, and Boothbay were among the other well-known financial institutions on the list.

Institutional interest in Hyperliquid ETFs is growing

Three Hyperliquid ETFs saw total net inflows of $356.58 million from their launch until September 4. The total net assets of the funds reached $480.86 million on the same date. All of the $10.52 million in inflows on September 4 were directed to Bitwise’s BHYP fund.

The positions included in the filings do not mean that institutions are holding HYPE directly in their wallets. Investors can gain indirect exposure to Hyperliquid’s native token by purchasing ETF shares through brokerage accounts.

The data in question is based on the first periodic institutional ownership filings. Since 13F filings only show covered securities, the 30 firms on the list do not represent the entirety of ETF investors.