21Shares Hyperliquid Staking ETF Reports Financial Performance for Period Ending June 30, 2026

21Shares Hyperliquid Staking ETF has reported its financial performance for the period ending June 30, 2026, following its initial seeding on March 18, 2026. The Trust's net assets reached approximately $71.17 million, with a net increase in assets resulting from operations amounting to $13.51 million. This increase was primarily driven by a net change in unrealized appreciation on investments in HYPE, which totaled $12.64 million, alongside net investment income of $65,491. The Trust's investment in HYPE, valued at $71.18 million, represented 100% of its net assets, with 94.43% of HYPE holdings staked as of the reporting date.

Compared to the previous fiscal period, the Trust has seen significant growth in its outstanding shares, which increased from 20,000 to 1,880,000. This growth was facilitated by the issuance of 1,990,000 shares in Creation Baskets, while 130,000 shares were redeemed. The price of HYPE also experienced a notable increase of 62.16%, rising from $40.35 on May 12, 2026, to $65.43 by June 30, 2026. The Trust's operations are supported by its Sponsor, 21Shares US LLC, which has committed to covering ordinary expenses through a unitary Sponsor Fee of 0.30% of the Trust's NAV.

Strategically, the Trust has focused on staking a significant portion of its HYPE holdings to generate rewards, with an average of 91.71% staked during the reporting period. The Trust has entered into a Staking Services Agreement with Figment Inc. to facilitate these staking activities. The rewards from staking are expected to be distributed to shareholders at least quarterly, although the amount of distributions will depend on the actual staking rewards earned, which can vary based on several factors, including network conditions and staking participation rates.

Operationally, the Trust has established a robust framework for managing its assets, including a focus on cybersecurity risks. The Trust's assets are held by HYPE Custodians, Anchorage Digital Bank N.A. and BitGo Bank & Trust, which are responsible for safeguarding the Trust's HYPE. The Trust has also implemented a comprehensive risk management program to address potential cybersecurity threats, ensuring that its operations remain secure and efficient.

Looking ahead, the Trust's management remains optimistic about its growth potential, although it acknowledges the inherent risks associated with the digital asset market, including regulatory uncertainties and market volatility. The Trust's ability to achieve its investment objectives will depend on various factors, including the performance of HYPE, market conditions, and the effectiveness of its staking strategy. The Trust's management will continue to monitor these factors closely to navigate the evolving landscape of digital assets.