In this paper we report the construction of a hollow microtubular triazine‐ and benzobisoxazole‐based covalent organic framework (COF) presenting a sponge‐like shell through a template‐free [3+2] condensation of the planar molecules 2,4,6‐tris(4‐formylphenyl)triazine (TPT‐3CHO) and 2,5‐diaminohydroquinone dihydrochloride (DAHQ‐2HCl). The synthesized COF exhibited extremely high crystallinity, a high surface area (ca. 1855 m2 g−1), and ultrahigh thermal stability. Interestingly, a time‐dependent study of the formation of the hollow microtubular COF having a sponge‐like shell revealed a transformation from initial ribbon‐like crystallites into a hollow tubular structure, and confirmed that the hollow nature of the synthesized COF was controlled by inside‐out Ostwald ripening, while the non‐interaction of the crystallites on the outer surface was responsible for the sponge‐like surface of the tubules. This COF exhibited significant supercapacitor performance: a high specific capacitance of 256 F g−1 at a current density of 0.5 A g−1, excellent cycling stability (98.8 % capacitance retention over 1850 cycles), and a high energy density of 43 Wh kg−1. Such hollow structural COFs with sponge‐like shells appear to have great potential for use as high‐performance supercapacitors in energy storage applications.