Institutions Pour $75M into Unconventional Crypto ETFs

Thirty institutional investors collectively held around $74.9 million in Hyperliquid ETF products as of June 30, according to recent 13F filings.

The largest disclosed holder is Wealth High Governance Asset Management, a Brazil-based firm with approximately $23.95 million in 21Shares' THYP fund, which translates to 632,614 shares.

The top five holders account for about 70.8% of the total reported exposure, or roughly $53 million, with OLP Capital Management, UBS, Bank of Montreal, and Jane Street following closely behind Wealth High Governance in terms of holdings.

Bloomberg Intelligence ETF analyst James Seyffart pointed out that these filings reveal a mix of asset managers, banks, and trading firms taking early positions in the Hyperliquid ETFs.