Swiss Banks Reveal $75M Stakes in Hyperliquid ETF

UBS and Jane Street have disclosed their holdings of Hyperliquid ETFs, which total $75 million. The news comes as Zcash (ZEC) has surged past $1,200, forcing a whale's short position into huge losses.

The Hyperliquid wallet had shorted 32,760 ZEC at $444, but the rapid price rally has left it with a loss of $25.7 million. This is not the only issue for investors in Hyperliquid ETFs, as UBS and Jane Street have also revealed their own holdings.

The news has sparked interest among crypto enthusiasts, who are looking to understand the implications of these large-scale investments.