Thirty firms have disclosed combined Hyperliquid ETF holdings of $74.9 million as of June 30, 2026, according to a Bloomberg Intelligence review reported by The Block. The figure, drawn from regulatory filings, offers the clearest look yet at which institutional players are betting on the digital asset product.
Wealth High Governance Leads the Pack
Wealth High Governance Asset Management holds the largest disclosed position, valued at $23,948,236 — nearly $24 million — as of the same date. The firm reported 632,614 shares of the 21Shares Hyperliquid ETF in a filing with the U.S. Securities and Exchange Commission dated August 12, 2026.
That single position accounts for roughly a third of the total disclosed holdings across all 30 firms. No other filer came close to that figure.
UBS and Jane Street Among Top Holders
UBS disclosed $7.5 million in Hyperliquid ETF holdings, ranking third among disclosed holders. Jane Street, the market-making firm, reported $4.4 million, placing it fifth.
The identities of the second- and fourth-largest holders were not included in the compiled data. The review only ranked the top three and fifth positions by name.
What the Numbers Do and Don't Say
The $74.9 million aggregate represents Hyperliquid ETF holdings reported by 30 firms, not total institutional ownership. The figure is a floor, not a ceiling — it captures only what these filers chose to disclose in their SEC paperwork.
Institutional investors typically report positions in quarterly filings, so the June 30 snapshot may already be outdated. The August 12 filing from Wealth High Governance suggests some firms are updating their disclosures on a rolling basis.
The concentration at the top is striking. One firm holds nearly a third of the disclosed total, and the top three named holders account for more than $35 million combined. That leaves roughly $39 million spread across the other 27 filers.
What's not clear from the data is whether these positions are long-term strategic bets or shorter-term trading positions. Jane Street's presence, for instance, could indicate market-making activity rather than a directional view on the asset.
The next round of quarterly filings, due in mid-November, will show whether these positions grew, shrank, or shifted. Until then, the June 30 snapshot is the only public window into institutional Hyperliquid ETF exposure.
