Statements of Changes in Net Assets (Unaudited) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
|
| Investment Owned, Balance [Abstract] | ||
| Net assets, beginning of period | $ 247,658,271 | $ 209,352,190 |
| Contributions for Shares issued | 18,937,580 | |
| Distributions for Shares redeemed | (72,140,092) | |
| Net investment loss | (142,862) | (1,558,678) |
| 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 assets, end of period | $ 142,148,631 | $ 209,384,354 |
| Shares issued and redeemed | ||
| Shares issued | 990,000 | |
| Shares redeemed | (4,030,000) | |
| Net increase (decrease) in Shares issued | (3,040,000) | |
| X | ||||||||||
- Definition Amount of net change in unrealized gain on other payable. No definition available.
|
| X | ||||||||||
- Definition The amount of stock issued during period value distributions for shares redeemed. No definition available.
|
| X | ||||||||||
- Definition The amount of net realized loss on investment in XRP sold for redemptions. No definition available.
|
| X | ||||||||||
- Definition The amount of stock issuedd during period value net realized gain on in-kind liabilities paid. No definition available.
|
| 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
|
| X | ||||||||||
- References No definition available.
|
| 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
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The increase (decrease) during the period in the number of shares issued. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Number of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|