21Shares Hyperliquid Staking ETF filed its quarterly report on Form 10-Q for the period ended September 30, 2026, disclosing net assets of $90,781,670 and a net asset value per share of $51.29 as of that date.

Key Highlights

  • Net assets: The Trust reported net assets of $90,781,670 as of September 30, 2026, up from $71,174,989 as of June 30, 2026, according to the filing.
  • NAV per share: Net asset value per share was $51.29 at September 30, 2026, compared with $37.86 at June 30, 2026, as stated in the filing.
  • Shares outstanding: The Trust had 1,770,000 shares issued and outstanding as of September 30, 2026, down from 1,880,000 at June 30, 2026.
  • HYPE investment: The Trust held 1,023,491.2530 HYPE tokens at a fair value of $90,783,674 and a cost of $59,998,967, representing 100.00% of net assets.
  • Shares outstanding at filing: The registrant reported 1,120,000 outstanding shares as of November 9, 2026.
  • Accumulated earnings: Accumulated earnings stood at $35,182,738 as of September 30, 2026, compared with $13,433,233 at June 30, 2026.

21Shares Hyperliquid Staking ETF: Quarter Ended September 30, 2026 Financial Position

According to the Form 10-Q filed by 21Shares Hyperliquid Staking ETF (NASDAQ:THYP) for the quarterly period ended September 30, 2026, the Trust's total assets were $91,122,381 as of that date, consisting primarily of its investment in HYPE tokens at a fair value of $90,783,674, plus cash of $338,707. Total liabilities were $340,711, which included a distribution payable of $338,707 and a Sponsor Fee payable of $2,004. The Trust's net assets as a result were $90,781,670.

The filing states that net assets consist of paid-in-capital of $55,598,932 and accumulated earnings of $35,182,738. By comparison, as of June 30, 2026, paid-in-capital was $57,741,756 and accumulated earnings were $13,433,233. The Trust held 1,770,000 shares issued and outstanding as of September 30, 2026, with no par value and an unlimited amount authorized, yielding a net asset value per share of $51.29. At the June 30, 2026 period-end, shares outstanding were 1,880,000 and NAV per share was $37.86.

The Trust is sponsored by 21Shares US LLC and is classified as a non-accelerated filer, a smaller reporting company, and an emerging growth company under applicable SEC definitions, the filing disclosed. As an emerging growth company, the Trust noted it intends to take advantage of the extended transition period for complying with new or revised accounting standards. The filing also contains forward-looking statements that, according to the Trust's cautionary language, "are only predictions" and that "actual events or results may differ materially."

What Was Disclosed

The Trust filed its unaudited quarterly financial statements showing net assets of $90,781,670 and NAV per share of $51.29 as of September 30, 2026, with its sole investment being 1,023,491.2530 HYPE tokens at fair value of $90,783,674.