Major Wall Street Firms Reveal $75 Million Combined Stake in Hyperliquid ETFs

Several well-known financial institutions, including UBS, Bank of Montreal and Jane Street, have disclosed holdings in US-listed Hyperliquid exchange-traded funds, according to a recent review of the funds’ first quarterly ownership reports. A Brazilian asset management firm led the list with the largest disclosed position, holding nearly $24 million worth of shares in one of the Hyperliquid-focused funds as of the end of June.

According to data compiled by a financial industry analyst Seyffart, the combined disclosed holdings among the top five reporting firms totaled roughly $53 million, accounting for the vast majority of the nearly $75 million in total reported exposure across all filers. Several other trading firms and asset managers also appeared on the list with smaller reported positions.

Understanding the Limitations of the Data

These quarterly filings only reflect a snapshot from a specific point in time and don’t account for any changes in holdings since then. Additionally, some reported positions may represent client funds rather than direct firm investments, and certain trading firms could hold offsetting hedges against their reported shares. Since firms are generally only required to file these reports once they cross a specific asset threshold, the disclosed holdings don’t represent a complete picture of all investors in these funds.

Growing Momentum for Hyperliquid-Linked Investment Products

Since launching earlier this year, these exchange traded funds have collectively attracted hundreds of millions of dollars in net inflows, with total assets across the three funds reaching nearly half a billion dollars. Hyperliquid itself operates as a decentralized exchange focused on perpetual futures contracts, though its platform currently remains restricted for US-based users. Discussions are reportedly underway involving regulatory bodies and a major exchange group to potentially bring a compliant version of Hyperliquid’s trading products directly into the US market in the future.