Institutional Investors Pile into Hyperliquid ETFs

As of June 30, thirty institutional investors collectively held about $74.9 million in Hyperliquid ETF products, marking an unconventional crypto investment.

The largest holder among these institutions is Brazil's Wealth High Governance Asset Management, with nearly $24 million invested in the 21Shares' THYP fund.

This is a significant milestone for the decentralized perpetual exchange, as institutional investors begin to take notice of its unique features and staking rewards offered by Grayscale's ETF.