According to second-quarter 13F filings, 30 institutional investors collectively held approximately $74.9 million in Hyperliquid ETF products as of June 30. Wealth High Governance Asset Management, a Brazil-based firm, is the leading holder with roughly $23.95 million in 21Shares’ THYP fund. The top five holders account for approximately 70.8% of total reported exposure, or about $53 million. Bitwise’s BHYP fund alone holds $128 million in net assets, representing approximately 1.96 million HYPE tokens. Three Hyperliquid ETFs launched this year: 21Shares’ THYP on May 12, Bitwise’s BHYP on May 15, and Grayscale’s staking-focused ETF on June 3.
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