Wall Street names including UBS, Jane Street and Bank of Montreal have surfaced among the first institutional holders of US exchange-traded funds tracking Hyperliquid’s HYPE token, according to a review of quarterly ownership filings. The disclosures offer the earliest regulatory snapshot of who is buying exposure to one of crypto’s fastest-growing decentralized trading ecosystems.<\/p>\n
Bloomberg Intelligence ETF analyst James Seyffart compiled the 13F data, which showed 30 known institutional investors held a combined $74.9 million across the three Hyperliquid ETFs as of June 30. The filing window captures the first full quarterly reporting period since the funds began trading in May and June.<\/p>\n
Wealth High Governance Asset Management topped the list with a $23.95 million position in the 21Shares Hyperliquid Staking ETF (THYP), representing 632,614 shares. OLP Capital Management ranked second with about $10.5 million in exposure. UBS reported $7.5 million, Bank of Montreal held $6.7 million, and Jane Street disclosed $4.4 million.<\/p>\n
The five largest holders accounted for roughly $53 million, or 70.8% of all identified institutional exposure. Other firms in the filings included Discovery Capital, Brevan Howard, Balyasny and Boothbay. At the smaller end of the spectrum, Royal Bank of Canada reported $22,068 and Tower Research Capital disclosed $1,103.<\/p>\n
InstitutionReported Exposure (USD)Wealth High Governance Asset Management$23.95MOLP Capital Management$10.5MUBS$7.5MBank of Montreal$6.7MJane Street$4.4M<\/p>\n
Note: Figures reflect 13F filings as of June 30, 2026, compiled by Bloomberg Intelligence.<\/p>\n
The concentration of holdings among a handful of firms gives the Hyperliquid ETF market a notable institutional footprint just months after launch. But the filings come with important caveats. Form 13F reports are point-in-time snapshots, not live positions. Any trades made after June 30 are absent from the data. Banks may hold shares on behalf of clients rather than as proprietary investments, and trading firms like Jane Street could be holding ETF shares as part of market-making, arbitrage or hedged strategies rather than a directional bet on HYPE.<\/p>\n
Form 13F filing requirements also exclude smaller investors. Investment managers generally must file only once they manage at least $100 million in qualifying securities, meaning the $74.9 million identified in the disclosures should not be treated as the total amount of institutional capital in Hyperliquid ETFs.<\/p>\n
Rapid Growth in a Young Market<\/p>\n
The US market for HYPE funds is still in its infancy. 21Shares launched THYP on May 12 as the first US fund linked to Hyperliquid. Bitwise introduced BHYP three days later, and Grayscale entered the market with HYPG on June 3. Collectively, the three products had attracted $356.58 million in cumulative net inflows through September 4 and finished that session with $480.86 million in combined net assets.<\/p>\n
Friday’s trading added another $10.52 million, with the entire daily inflow directed to Bitwise’s BHYP. That continued momentum through July, August and early September suggests demand has persisted well beyond the initial launch window captured by the first batch of 13F filings.<\/p>\n
HYPE also secured inclusion in the Hashdex Nasdaq Crypto Index US ETF with a 3.4% weighting, making it the fifth-largest component behind Bitcoin, Ethereum, XRP and Solana. That inclusion provides another avenue for institutional and retail capital to gain HYPE exposure through traditional brokerage accounts.<\/p>\n
Whale Accumulation and Price Momentum<\/p>\n
The institutional disclosures coincide with significant whale activity in the underlying token. Blockchain analytics platform Lookonchain identified that a wallet address known as “0x6436” acquired an additional 343,000 HYPE tokens worth approximately $29.09 million. The holder’s total position now stands at 3.24 million HYPE tokens valued at roughly $252 million, with the entire allocation staked.<\/p>\n
Staking the full position signals a long-term investment strategy rather than short-term speculation, since staked tokens are effectively removed from active circulation. The commitment also demonstrates confidence in the project’s future prospects.<\/p>\n
HYPE currently trades near $85, having rebounded sharply from a $50 floor. Crypto market analyst Hov noted that an early position established at $26 has delivered a 240% return, while a subsequent entry around $55 has generated gains exceeding 50%. From a technical perspective, the token maintains a position above all primary exponential moving averages, with the 20 EMA at $78.29 and longer-term EMAs aligned below in a bullish configuration. Market participants are monitoring $105 as the next critical resistance level.<\/p>\n
Why Wall Street Interest Matters<\/p>\n
Hyperliquid has built its business around decentralized perpetual futures, derivatives contracts without expiration dates that have become a major source of crypto trading activity. Its own blockchain and HYPE token form the economic base of that ecosystem.<\/p>\n
The platform restricts direct access for US users under its terms of service. ETF demand therefore creates a separate route for American capital to gain exposure to the token even while the underlying trading venue remains unavailable domestically. That separation could become increasingly important if regulated firms find ways to connect Hyperliquid technology with US-compliant derivatives markets.<\/p>\n
Kraken parent Payward has been working with the CFTC on potential access to certain Hyperliquid-linked perpetual products through regulated exchange Bitnomial, although the final structure has not been announced. Such a development would provide American customers a separate access point without opening Hyperliquid’s main platform.<\/p>\n
For HYPE investors, the institutional filings are less important as proof that major banks are making outright crypto bets than as evidence that Hyperliquid-linked products are entering mainstream trading infrastructure. The next test will be whether ETF inflows continue after the initial launch period and whether the institutional ownership base broadens beyond the relatively small group that accounted for most disclosed holdings at the end of June.<\/p>\n","protected":false},"excerpt":{"rendered":"Wall Street names including UBS, Jane Street and Bank of Montreal have surfaced among the first institutional holders…\n","protected":false},"author":2,"featured_media":126692,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[61848,61810,61853,61849,61850,61851,61846,61807,61808,61806,61852,223,61847],"class_list":["post-126691","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-21shares","tag-bank-of-montreal","tag-bitnomial","tag-bitwise","tag-grayscale","tag-hashdex","tag-hype-token","tag-hyperliquid","tag-james-seyffart","tag-jane-street","tag-payward","tag-ubs","tag-wealth-high-governance-asset-management"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117225723538264646","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/126691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=126691"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/126691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/126692"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=126691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=126691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=126691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}