v3.26.1
Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
 [3]
Assets    
Investment in Hyperliquid, at fair value (cost $118,209 at June 30, 2026) $ 128,260 [1],[2] $ 0
Cash 0 200
Receivable for Staking Rewards 5 0
Total assets 128,265 200
Liabilities    
Sponsor Fee payable 19 0
Payable for Hyperliquid purchased 4 0
Staking Fee payable 1 0
Total liabilities 24 0
Net Assets $ 128,241 [2] $ 200
Shares issued 3,490,000 8 [4]
Shares outstanding 3,490,000 8 [4]
Principal Market NAV per Share $ 36.75 [5] $ 25 [4]
[1] Amount includes $89,810 staked Hyperliquid as of June 30, 2026.
[2] No comparative period information yet available as the Trust commenced operations on May 14, 2026.
[3] As of December 31, 2025, the Trust held initial seed capital amounting to $200 in cash.
[4] Prior to commencement of operations on May 14, 2026, Bitwise Asset Management, Inc. ("BAM"), the parent company of the Sponsor, redeemed the initial seed capital of 8 shares for $200.
[5] No comparative financial statements have been provided as the Trust commenced operations on April 15, 2026.