Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
|
| Expenses | ||
| Legal fees | $ 142,862 | $ 1,558,678 |
| Total expenses | 142,862 | 1,558,678 |
| Net investment loss | (142,862) | (1,558,678) |
| Realized and change in unrealized gain (loss) | ||
| Net realized gain on in-kind liabilities paid | 16,471 | |
| Net realized gain (loss) on investment in XRP sold to pay Sponsor Fee | (63,157) | 131,491 |
| Net realized loss on investment in XRP sold for redemptions | (11,683,909) | |
| Net change in unrealized appreciation (depreciation) on investment in XRP | (40,434,409) | 1,375,222 |
| Net change in unrealized gain on Sponsor Fee payable | 738 | 84,129 |
| Net realized and change in unrealized gain (loss) | (52,164,266) | 1,590,842 |
| Net increase (decrease) in net assets resulting from operations | $ (52,307,128) | $ 32,164 |
| X | ||||||||||
- Definition The amount of net change in unrealized gain on sponsor fee payable. No definition available.
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- Definition The amount of net realized gain on in-kind liabilities paid. No definition available.
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- Definition The amount of net realized loss on investment in XRP sold for redemptions. No definition available.
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Fees paid to advisors who provide certain management support and administrative oversight services including the organization and sale of stock, investment funds, limited partnerships and mutual funds. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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