v3.26.1
Creation and Redemption of Shares (Tables)
 3 Months Ended
Mar. 31, 2026
Creation and Redemption of Shares [Abstract]  
Schedule of Capital Transactions Issued and Redeemed When such an Authorized Participant redeems Shares in-kind, the Trust, through a XRP Custodian, will deliver XRP to the Authorized Participant or its designee in exchange for Shares.
    Three Months
ended
March 31,
2026		     Three Months
ended
March 31,
2025		  
    (Unaudited)     (Unaudited)  
Activity in Capital Shares:            
Shares issued     990,000               –  
Shares redeemed     (4,030,000 )     –  
Net Change in Capital Shares     (3,040,000 )     –  

 

    Three Months
ended
March 31,
2026		     Three Months
ended
March 31,
2025		  
    (Unaudited)     (Unaudited)  
Activity in Capital Transactions:            
Contributions for shares issued   $ 18,937,580     $           –  
Distributions for shares redeemed     (72,140,092 )     –  
Net Change in Capital Transactions   $ (53,202,512 )   $ –  
Schedule of Shares Purchase Payables and Sold Receivables

XRP purchased payable represents the quantity of XRP purchased for the creation of Shares where the XRP has not yet settled. Generally, XRP is transferred within two Business Days of the trade date.

 

      March 31,
2026		       December 31,
2025		  
      (Unaudited)          
XRP purchased payable   $ –     $ –  

 

XRP sold receivable represents the quantity of XRP sold for the redemption of Shares where the XRP has not yet been settled. Generally, XRP is transferred within two Business Days of the trade date.

 

      March 31,
2026		       December 31,
2025		  
      (Unaudited)          
XRP sold receivable   $ –     $ –