Grayscale Hyperliquid Staking ETF Reports Financial Performance for June 2026

Grayscale Hyperliquid Staking ETF (the "Trust") has reported its financial performance for the period from June 3, 2026, the commencement of its operations, to June 30, 2026. The Trust's net assets reached $127.1 million, primarily driven by the contribution of approximately 1.9 million Hyperliquid tokens (HYPE) valued at $122.9 million. The Trust generated a net investment income of $17, alongside a net realized and unrealized gain of $3.6 million, resulting in a total net increase in net assets of $3.7 million for the period.

The Trust's operations have shown significant activity since its inception, with a total of 5.5 million shares issued during the reporting period. The principal market net asset value (NAV) per share was reported at $23.15, reflecting a decrease from the initial creation price of $25.00. This decline corresponds to a total return of -7.40% for the period, influenced by fluctuations in the price of HYPE, which averaged $63.96 during the reporting period, with a high of $73.36 and a low of $53.86.

Strategically, the Trust has initiated staking activities, allowing it to earn staking rewards from its HYPE holdings. The Trust's staking arrangements commenced on June 3, 2026, and have contributed to its investment income. The Trust's operational structure is designed to facilitate the issuance and redemption of shares in exchange for HYPE, with no cash balance maintained outside of these transactions. The Trust's management, Grayscale Investments Sponsors, LLC, oversees the day-to-day operations and is responsible for the administration of the Trust.

As of June 30, 2026, the Trust's total liabilities were minimal, amounting to just $1, primarily related to the Sponsor's staking fee payable. The Trust's focus on HYPE has resulted in a concentrated investment portfolio, exposing it to the inherent volatility of the digital asset market. The Trust has indicated that it does not foresee any significant changes to its liquidity needs in the near term, as it continues to operate primarily through the creation and redemption of shares.

Looking ahead, the Trust's management remains optimistic about its operational strategy, which includes ongoing staking activities and potential distributions to shareholders derived from staking rewards. The Trust's performance will continue to be closely tied to the market conditions surrounding HYPE, and management will monitor these factors to adapt its strategies accordingly.