v3.26.1
Significant Accounting Policies (Tables)
2 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
The following table presents information about the Trust’s assets measured at fair value as of December 31, 2025:

The following table presents information about the Trust’s assets measured at fair value as of December 31, 2025:

 

   Level 1   Level 2   Level 3   Total 
Investments:                
XRP  $322,967,103   $   $   $322,967,103 
Total Investments  $322,967,103   $   $   $322,967,103 
The following represents the changes in quantity of XRP and the respective fair value:

The following represents the changes in quantity of XRP and the respective fair value:

 

   XRP   Fair Value 
Beginning balance as of November 12, 2025      $ 
XRP purchased   70,940,123    152,960,620 
XRP sold for the redemption of Shares   (638,804)   (1,191,493)
XRP contributed in-kind for the creation of Shares   105,356,634    241,151,550 
XRP distributed in-kind for the redemption of Shares        
XRP transferred to pay the Sponsor fee   (32,512)   (59,788)
Net change in unrealized appreciation (depreciation) in XRP       (69,540,982)
Net realized gain (loss) on investment in XRP transferred to pay Sponsor fee       (35,293)
Net realized gain (loss) on investment in XRP sold for redemptions       (317,511)
Ending balance as of December 31, 2025   175,625,441   $322,967,103