v3.26.1
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: (Details)
 2 Months Ended 3 Months Ended
Dec. 31, 2025
USD ($)
Unit
Mar. 31, 2026
USD ($)
Unit
Accounting Policies [Abstract]    
XRP, beginning balance | Unit 175,625,441
Fair value, beginning balance $ 322,967,103
XRP purchased | Unit 70,940,123 16,494,162
Fair value, XRP purchased $ 152,960,620 $ 28,629,602
XRP sold for the redemption of Shares | Unit (638,804) (319,319)
Fair value, XRP sold for the redemption of Shares $ (1,191,493) $ (686,106)
XRP contributed in-kind for the creation of Shares | Unit 105,356,634 5,639,361
Fair value, XRP contributed in-kind for the creation of Shares $ 241,151,550 $ 9,344,359
XRP distributed in-kind for the redemption of Shares | Unit
Fair value, XRP distributed in-kind for the redemption of Shares
XRP transferred to pay the Sponsor fee | Unit (32,512) (225,061)
Fair Value, XRP transferred to pay the Sponsor fee $ (59,788) $ (406,348)
Net change in unrealized appreciation (depreciation) in XRP (69,540,982) (94,729,702) [1]
Net realized gain (loss) on investment in XRP transferred to pay Sponsor fee (35,293) (172,355)
Net realized gain (loss) on investment in XRP sold for redemptions $ (317,511) $ (63,258)
XRP, ending balance | Unit 175,625,441 197,214,584
Fair value, ending balance $ 322,967,103 $ 264,883,295
[1] No comparative financial statements have been provided as the initial share purchase date of the Trust was November 12, 2025.