30 Institutions Held $74.9M in Hyperliquid (HYPE) ETFs, First 13F Filings Show

30 Institutions, $74.9M Disclosed

The first quarterly 13F filings covering the three US-listed Hyperliquid (HYPE) exchange-traded funds are in, and they show 30 institutions held a combined $74.9 million as of June 30. 13Fs are the quarterly holdings reports that US institutional investors above a size threshold must file with the SEC, and Bloomberg Intelligence ETF analyst James Seyffart compiled the Hyperliquid disclosures earlier this week in a post mapping every known holder of the three funds — the first time markets could see which Wall Street firms and quantitative trading houses took positions tied to the Hyperliquid ecosystem, a decentralized exchange running on its own blockchain and built around perpetual futures with no expiry date. The largest single holder is Brazil's Wealth High Governance Asset Management, which reported 632,614 shares of the 21Shares Hyperliquid Staking ETF (THYP) worth roughly $23.95 million. Behind it sit names far more familiar to US equity markets: OLP Capital Management at about $10.5 million, UBS at $7.5 million, Bank of Montreal at $6.7 million and Jane Street at $4.4 million. Together the top five account for roughly $53 million, or 70.8% of all disclosed holdings — a striking concentration for a fund complex that only began listing in May. The longer tail includes Discovery Capital, Brevan Howard, Balyasny Asset Management and Boothbay Fund Advisors, alongside token positions from Royal Bank of Canada (about $22,068) and Tower Research Capital ($1,103). Three products make up the complex: 21Shares' THYP listed May 12, Bitwise's BHYP followed on May 15, and Grayscale's HYPG arrived June 3. Caveats apply: a 13F reflects a single quarter-end balance, not current positioning, and bank holdings can mix in client assets while trading-firm books may reflect market making or hedging rather than directional bets.

mapping every known holderhttps://x.com/JSeyff/status/2095926084298498313?ref_src=twsrc%5Etfw

$357M Flows and the US Access Question

The holdings snapshot lands against a steadily building flow picture. Aggregate ETF flow data shows the three funds had drawn $357 million in cumulative net inflows as of September 4, with total assets of roughly $481 million, and the most recent session added another $10.52 million — all of it into Bitwise's BHYP. That makes Hyperliquid only the third crypto asset to sustain an ETF complex of meaningful scale, behind Bitcoin and Ethereum. The structural backdrop is shifting too: the platform's terms of service currently restrict US users, but the Trump administration has signaled it wants the venue accessible to American traders. Kraken parent Payward is in discussions with the Commodity Futures Trading Commission to route US customers toward Hyperliquid-linked perpetual products through the regulated exchange Bitnomial — a compromise that would borrow the protocol's liquidity without opening the main platform, though no final structure has been announced. Approval along those lines would fold Hyperliquid's on-chain order book into the US-compliant derivatives market and materially reduce the compliance risk priced into the funds. Brokerage-wrapped exposure — no wallet, no on-chain slippage management — is precisely the packaging that drew the UBS and BMO books in the first place, wrapping a Web3 perpetuals venue in the most traditional vehicle Wall Street offers. Ecosystem rotation continues in parallel: early backer Multicoin Capital has sold 75% of its peak HYPE position, even as an anonymous whale accumulated 430,224 HYPE worth $35.1 million and HYPE joined the Hashdex Nasdaq Crypto Index ETF with a 3.4% weight. For readers weighing direct exposure, our guide covers how to trade on Hyperliquid step by step. Readers tracking the market in real time can follow live spot and futures prices on Binance.

$83.72 Floor Holds the Bull Case

Subsequent reporting on the same Seyffart tally adds granularity the initial disclosures lacked: the $74.9 million in reported positions corresponds to roughly 1.15 million HYPE, and the per-institution figures are now precise — Wealth High Governance's THYP stake at exactly $23,948,236, followed by OLP Capital Management at $10,495,651, UBS at $7,525,757, Bank of Montreal at $6,693,261 and Jane Street at $4,381,110, for a top-five sum of $53,044,015, or 70.84% of disclosed holdings. The filings also carry a structural limitation worth noting: 13F obligations apply only to institutions with discretionary authority over at least $100 million in the relevant securities, meaning the snapshot excludes smaller holders of the three funds entirely, and any buying or selling since the June 30 balance date remains invisible until the next quarterly report.

(as of 02:41 UTC) COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $85.27 support at 82/100, driven by the confluence of a fresh resistance-to-support flip, the Fibonacci 0.114 retracement and the S1 pivot — with spot changing hands at $87.51 after a 2.20% daily gain. Overhead, the $88.85 resistance scores a strong 71/100 on the Keltner upper band, stochastic overbought conditions, a MACD cross and the Fibonacci 0.000 level. RSI sits at 66.51 and the MACD signal reads bearish within a broader uptrend. Perp funding of 0.0053% and $2.39 billion in open interest point to balanced positioning, while a Fear & Greed reading of 71 signals greed. Holding $85.27 keeps the breakout toward $98.20 — scored a moderate 54/100 on the Fibonacci 1.272 extension — in play; losing it exposes the $82.48 support, scored 68/100.