v3.26.1
Statement of Cash Flows
$ in Thousands
 2 Months Ended
Jun. 30, 2026
USD ($)
Cash flows from operating activities  
Net increase (decrease) in net assets resulting from operations $ 9,106 [1]
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:  
Purchases of Hyperliquid (115,917) [1]
Hyperliquid received for Staking Rewards (118) [1]
Proceeds from Disposition of Investment, Operating Activity 5,738 [1]
Net realized (gain) loss from Hyperliquid transferred for staking activities (12) [1]
Net realized (gain) loss from investment in Hyperliquid sold for redemptions 1,055 [1]
Net change in unrealized (appreciation) depreciation from investment in Hyperliquid (10,051) [2]
Changes in operating assets and liabilities:  
(Increase) decrease in receivable for Staking Rewards (5) [1]
Increase (decrease) in Sponsor Fee payable 19 [1]
Increase (decrease) in Staking Fee payable 1 [1]
Net cash provided by (used in) operating activities (110,184) [1]
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]  
Creations for Shares issued 115,922 [1]
Redemptions for Shares redeemed (5,738) [1]
Net cash provided by (used in) financing activities 110,184 [1]
Net increase (decrease) in cash 0 [1]
Cash, beginning of period 0 [1],[3]
Cash, end of period 0 [1]
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]  
In-Kind Creations of Hyperliquid $ 8,951 [1]
[1] No comparative period information yet available as the Trust commenced operations on May 14, 2026.
[2] No comparative period information yet available as the Trust commenced operations on May 14, 2026.
[3] On November 24, 2025, Bitwise Asset Management, Inc. ("BAM"), the parent company of the Sponsor, purchased 8 Shares at a per-Share price of $25.00 for $200.00 in a transaction exempt from registration under Section 4(a)(2) of the 1933 Act (the "Seed Shares").