v3.26.1
Financial Highlights - Summary of Per-Share Performance (Details)
 2 Months Ended
Jun. 30, 2026
$ / shares
 [1]
Investment Company, Financial Highlights [Abstract]  
Principal Market NAV per-share, beginning of period $ 25
Net investment income (loss) 0.04 [2]
Net realized and change in unrealized appreciation (depreciation) on investment in Hyperliquid 11.71 [3]
Net change in net assets from operations 11.75
Principal Market NAV per-share, end of period $ 36.75
Total return, at net asset value 47.00% [4]
Ratios to average net assets  
Gross expenses (0.71%) [5],[6],[7]
Net expenses (0.54%) [5],[6],[7]
Net investment income (loss) 0.92% [5],[6]
[1] No comparative financial statements have been provided as the Trust commenced operations on April 15, 2026.
[2] Calculated using average Shares outstanding.
[3] Because of the timing of subscriptions and redemptions in relation to fluctuating market values, the amount shown may not agree with the change in aggregate gains and losses.
[4] Total return is calculated based on the change in Principal Market NAV during the reporting period. An individual shareholder’s total return and ratios may vary from the above total return and ratios based on the timing of Share transactions from the Trust. Total return is not annualized.
[5] Annualized.
[6] For the one-month period starting on May 15, 2026, the day the Trust began accruing expenses, the Sponsor waived the entire Sponsor Fee on the first $500 million of Trust assets through June 14, 2026. In addition, for the same period, the Sponsor reimbursed the Trust for all Staking Expenses incurred on the first $500 million of Trust assets through June 14, 2026.
[7] Gross and net expenses ratios include staking fees of 0.37% for the period ended June 30, 2026. Without the staking fees, the gross and net expense ratios would have been (0.34)% and (0.17)%, respectively.