| The following table presents information about the Trust’s assets measured at fair value: |
The following table presents information about the
Trust’s assets measured at fair value:
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| March 31, 2026 (Unaudited) | |
| | | |
| | | |
| | | |
| | |
| Assets | |
| | | |
| | | |
| | | |
| | |
| Investment in XRP | |
$ | 264,883,295 | | |
$ | — | | |
$ | — | | |
$ | 264,883,295 | |
| | |
| | | |
| | | |
| | | |
| | |
| December 31, 2025 | |
| | | |
| | | |
| | | |
| | |
| Assets | |
| | | |
| | | |
| | | |
| | |
| Investment in XRP | |
$ | 322,967,103 | | |
$ | — | | |
$ | — | | |
$ | 322,967,103 | |
|
| The following tables summarize activity in XRP for the quarter ended March 31, 2026 and for the period from November 12, 2025 (initial share purchase date) to December 31, 2025: |
The following tables summarize activity in XRP for the
quarter ended March 31, 2026 and for the period from November 12, 2025 (initial share purchase date) to December 31, 2025:
| | |
Quantity | | |
Fair Value | |
| Beginning balance as of January 1, 2026 | |
| 175,625,441 | | |
$ | 322,967,103 | |
| XRP purchased | |
| 16,494,162 | | |
| 28,629,602 | |
| XRP sold for the redemption of Shares | |
| (319,319 | ) | |
| (686,106 | ) |
| XRP contributed in-kind for the creation of Shares | |
| 5,639,361 | | |
| 9,344,359 | |
| XRP distributed in-kind for the redemption of Shares | |
| — | | |
| — | |
| XRP transferred to pay the Sponsor fee | |
| ) | |
| ) |
| Net change in unrealized appreciation (depreciation) in XRP | |
| — | | |
| (94,729,702 | ) |
| Net realized gain (loss) on investment in XRP transferred to pay Sponsor fee | |
| — | | |
| (172,355 | ) |
| Net realized gain (loss) on investment in XRP sold for redemptions | |
| — | | |
| (63,258 | ) |
| Ending balance as of March 31, 2026 (Unaudited) | |
| 197,214,584 | | |
$ | 264,883,295 | |
| | |
Quantity | | |
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 | |
| ) | |
| ) |
| 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 | |
|