3. Fair Value of HYPE HYPE is held by the Custodian on behalf of the Trust and is carried at fair value. As of June 30, 2026, the Trust held 1,941,395.06111666 HYPE. The Trust determined the fair value per HYPE to be $65.47 on June 30, 2026, using the price provided at 4:00 p.m., New York time, by the Digital Asset Trading Platform Market considered to be the Trust’s principal market (Coinbase). The following represents the changes in quantity of HYPE and the respective fair value:
|
|
|
|
|
|
|
|
|
(Amounts in thousands, except HYPE amounts) |
|
Quantity |
|
|
Fair Value |
|
Balance at June 3, 2026 (the Commencement of the Trust's Operations) |
|
|
7,070.13574661 |
|
|
$ |
500 |
|
HYPE contributed |
|
|
1,934,041.80771009 |
|
|
|
122,946 |
|
HYPE redeemed |
|
|
- |
|
|
|
- |
|
Staking reward income |
|
|
456.23409406 |
|
|
|
30 |
|
HYPE distributed for Sponsor’s Fee, related party |
|
|
(97.61976679 |
) |
|
|
(7 |
) |
HYPE distributed for Sponsor’s Staking Fee, related party |
|
|
(75.49666731 |
) |
|
|
(6 |
) |
Net change in unrealized appreciation/depreciation on Sponsor's Staking Fee payable in HYPE |
|
|
- |
|
|
|
- |
|
Net change in unrealized appreciation/depreciation on investment in HYPE |
|
|
- |
|
|
|
3,639 |
|
Net realized gain (loss) on investment in HYPE sold to pay Sponsor's Fee |
|
|
- |
|
|
|
- |
|
Net realized gain (loss) on investment in HYPE sold for redemption of Shares |
|
|
- |
|
|
|
- |
|
Balance at June 30, 2026 |
|
|
1,941,395.06111666 |
|
|
$ |
127,102 |
|
|