v3.26.1
INVESTMENT IN XRP (Tables)
 12 Months Ended
Mar. 31, 2026
INVESTMENT IN XRP [Abstract]  
Changes in Quantity of XRP Held
The following represents the changes in quantity of XRP held and the respective fair value during the period from November 24, 2025 (Date of commencement of operations) to March 31, 2026*:
 
   
Quantity of XRP
   
Amount in US$
 
Balance at November 24, 2025 (Date of commencement of operations)
   1,086,120.6800   $2,440,079 #
XRP purchased for the creation of shares   81,459,051.0149    161,156,892 
XRP contributed in-kind for the creation of shares   86,889,654.4427    173,999,149 
XRP sold for the redemption of shares   (3,258,362.0400)    (4,457,244) 
XRP distributed in-kind for the redemption of shares   (6,516,724.0830)    (9,140,640) 
Principal on XRP sales to pay expenses
    -      -  
Net realized gain (loss) from XRP sold for the redemption of shares
    -     (1,632,673) 
Net change in unrealized appreciation (depreciation) on investment in XRP
    -     (107,303,893) 
Balance at March 31, 2026
   159,659,740.0158   $215,061,670 
 
*
No comparative period presented as the Fund’s operations commenced on November 24, 2025.
#
On October 15, 2025, Franklin Resources Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on October 15, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares was $100,000. On November 18, 2025, the Initial Seed Shares were redeemed for $100,000 and the Seed Capital Investor purchased two creation units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 543,060.34 XRP per Creation Unit (or 10.86 XRP per Share), for a total of 1,086,120.68 XRP (the "Seed Creation Units"). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 1,086,120.68 XRP at the price of $2.0458 per XRP on November 19, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to XRP, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,221,985.69 (an amount representing 1,086,120.68 XRP). Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. The Seed Capital Investor acted as a statutory underwriter with respect to the Seed Creation Units. Shares of the Fund were first listed and began trading on November 24, 2025.
 
Franklin XRP ETF [Member]  
INVESTMENT IN XRP [Abstract]  
Changes in Quantity of XRP Held
The following represents the changes in quantity of XRP held and the respective fair value during the period from November 24, 2025 (Date of commencement of operations) to March 31, 2026*:
 
         
   
Quantity of XRP
   
Amount in US$
 
Balance at November 24, 2025 (Date of commencement of operations)
   1,086,120.6800   $2,440,079 #
XRP purchased for the creation of shares   81,459,051.0149    161,156,892 
XRP contributed in-kind for the creation of shares   86,889,654.4427    173,999,149 
XRP sold for the redemption of shares   (3,258,362.0400)    (4,457,244) 
XRP distributed in-kind for the redemption of shares   (6,516,724.0830)    (9,140,640) 
Principal on XRP sales to pay expenses
    -      -  
Net realized gain (loss) from XRP sold for the redemption of shares
    -     (1,632,673) 
Net change in unrealized appreciation (depreciation) on investment in XRP
    -     (107,303,893) 
Balance at March 31, 2026
   159,659,740.0158   $215,061,670 
 
*
No comparative period presented as the Fund’s operations commenced on November 24, 2025.
#
On October 15, 2025, Franklin Resources Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on October 15, 2025. Total proceeds to the Fund from the sale of the Initial Seed Shares was $100,000. On November 18, 2025, the Initial Seed Shares were redeemed for $100,000 and the Seed Capital Investor purchased two creation units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 543,060.34 XRP per Creation Unit (or 10.86 XRP per Share), for a total of 1,086,120.68 XRP (the "Seed Creation Units"). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 1,086,120.68 XRP at the price of $2.0458 per XRP on November 19, 2025 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to XRP, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,221,985.69 (an amount representing 1,086,120.68 XRP). Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. The Seed Capital Investor acted as a statutory underwriter with respect to the Seed Creation Units. Shares of the Fund were first listed and began trading on November 24, 2025.