The trading book reports a +80.92% YTD return, with 36.81% annualized volatility, a 2.09 Sharpe ratio, and a −16.33% maximum drawdown. It uses spot positions, cash, and derivative shorts; HYPE is its largest spot holding at 44.70%. Compared with the benchmarks shown, returns were BTC −18.14%, Nasdaq 100 +12.24%, and S&P 500 +10.82% YTD.