Jane Street Joins Major Firms Building Exposure To Hyperliquid ETFs

Thirty institutions have disclosed combined holdings of $74.9 million in US-listed Hyperliquid (@HyperliquidX) ETFs, according to Bloomberg Intelligence ETF analyst James Seyffart, who reviewed the funds' first quarterly 13F filings. The disclosures confirm that well-known Wall Street names are among the earliest institutional adopters of the regulated wrappers for $HYPE, the native token of the decentralized derivatives exchange.

Who Holds What

Brazil's Wealth High Governance Asset Management leads the pack. The firm reported 632,614 shares of the 21Shares HYPE ETF (THYP), valued at roughly $23.95 million as of June 30. OLP Capital Management ranked second with $10.5 million in exposure, followed by UBS at $7.5 million and Bank of Montreal at $6.7 million. Jane Street rounded out the top five with $4.4 million in disclosed holdings.

Together, those five firms account for roughly $53 million, or about 70.8% of the $74.9 million total reported across all 30 institutions, according to Bloomberg Intelligence. Other names on the list include Discovery Capital, Brevan Howard, Balyasny, and Boothbay, with smaller positions from Royal Bank of Canada and Tower Research Capital.

Analysts urge some caution when reading the data. Bank holdings can include client money rather than proprietary positions, and trading firms may carry ETF shares as hedges against other exposures. The 13F requirement also applies only to managers above the $100 million threshold in qualifying securities, so the filings do not represent a complete picture of who owns the funds.

ETF Landscape and Inflows

Three US spot Hyperliquid ETFs are currently in the market. 21Shares was first to launch with THYP on May 12, 2026, followed by Bitwise's BHYP on May 15 and Grayscale's HYPG on June 3. Since inception, the three funds have attracted $356.58 million in net inflows combined, according to Bloomberg Intelligence data cited by Seyffart.

The products give institutional and retail investors regulated brokerage access to $HYPE without requiring them to set up a digital wallet or interact directly with a decentralized exchange. Hyperliquid itself is a decentralized perpetual futures platform operating on its own Layer 1 blockchain, and its token has risen sharply in 2026, hitting an all-time high above $88 in the days surrounding the 13F disclosure.

Sources:
The Block: UBS, Jane Street among firms with combined $75 million in Hyperliquid ETF holdings
Yahoo Finance: HYPE Hits Record High As Jane Street, UBS Among 30 Firms With $75M In ETF Exposure
SEC EDGAR: Bitwise Hyperliquid ETF Form 10-Q (June 30, 2026)