Hyperliquid ETF: 30 institutions including UBS and Jane Street hold $75M in HYPE funds

Institutional adoption of Hyperliquid's HYPE token has accelerated. According to 13F filings submitted to the SEC and compiled by Bloomberg Intelligence, 30 top financial firms—including UBS, Bank of Montreal, Jane Street, and Brevan Howard—hold nearly $75 million in HYPE-backed ETFs. The article Hyperliquid ETF: 30 institutions including UBS and Jane Street hold $75M in HYPE funds first appeared on Cryptoast.

The Hyperliquid ecosystem has reached a major milestone in its integration with traditional finance. Recent data from 13F filings submitted to the SEC reveal that roughly 30 major financial institutions have added the HYPE token to their portfolios through regulated financial instruments. Among these influential players are iconic names such as UBS, the Bank of Montreal, market maker Jane Street, and hedge fund Brevan Howard. In total, these entities hold approximately $75 million in shares of ETFs backed by this digital asset.

A breakdown of these positions highlights a distinct diversification strategy among institutional investors. Brazilian asset manager Wealth High Governance (WHG) stands out in particular, holding nearly $24 million in shares of 21Shares' THYP ETF. This concentration is significant: five major groups, also including OLP Capital Management, account for over 70% of the total exposure reported by all 30 firms. While this volume of 1.15 million HYPE tokens represents only a modest fraction of the circulating supply, it underscores a growing interest in the asset since the launch of the first dedicated financial products in the spring of 2026.

The rise of these exchange-traded funds, such as those offered by Bitwise, Grayscale, or 21Shares, illustrates Wall Street’s drive to capture the value generated by the Hyperliquid infrastructure. Although the platform is currently inaccessible directly to U.S. users, these ETFs serve as essential regulated gateways. This shift reflects a broader trend in which financial giants are diversifying their crypto portfolios beyond legacy assets like Bitcoin and Ethereum, incorporating more specialized protocols into their investment strategies.

From a market perspective, this institutional momentum is exerting significant upward pressure on the token's price. The value of HYPE has seen a substantial rally, reaching recent all-time highs and pushing its market capitalization beyond the $19 billion mark. This breakthrough, combined with the sector's efforts to formalize access to derivatives through regulated infrastructure—such as ongoing discussions involving the parent company of Kraken—confirms that Hyperliquid has established itself as a key player in the eyes of institutional asset managers.