UBS and Jane Street Load Up on Hyperliquid ETFs as Institutional 13F Holdings Hit $75M

Thirty institutional investors collectively held $74.9 million in Hyperliquid ETF products as of June 30. Brazil's Wealth High Governance Asset Management dominates the cohort, reporting a $23.95 million position in 21Shares' THYP fund. Major traditional finance players have officially entered the trade, with OLP Capital Management disclosing $10.5M, UBS at $7.5M, Bank of Montreal at $6.7M, and Jane Street at $4.4M. The top five holders account for 70.8% of the total reported exposure, representing roughly $53M of the institutional pie. Bitwise’s BHYP fund reported $128M in net assets alone, indicating that a significant portion of demand is coming from retail investors or smaller entities below the $100M mandatory 13F reporting threshold.