v3.26.1
COMBINED FINANCIAL HIGHLIGHTS (Tables)
 12 Months Ended
Mar. 31, 2026
FINANCIAL HIGHLIGHTS [Abstract]  
Summary of Per Share Performance
   
For the period November 24,
 2025 (Date of commencement of
operations) through
March 31, 2026*
 
      
Net asset value per Share, beginning of period
  $24.40 (a)
Net investment loss(b)
    - 
Net realized and unrealized gain (loss) on investment in XRP(c)
   (9.77) 
Net change in net assets from operations
   (9.77) 
Net asset value per Share, end of period
  $14.63 
      
Total return, at net asset value(d)(e)
   (40.04)%
      
Ratio to average net assets(f)
     
Net investment loss
   0.00%
Gross expenses
   0.19%
Net expenses(g)
   0.00%
 
*
No comparative period presented as the Fund’s operations commenced on November 24, 2025.
(a)
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.
(b)
Calculated using average Shares outstanding.
(c)
The amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investments for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment.
(d)
Calculation based on the change in net asset value of a Share during the period. Total return for periods of less than a year are not annualized.
(e)
Total Return at NAV is calculated assuming an initial investment made at the NAV at the beginning of the period, and redemption of Shares at NAV on the last day of the period. Total Return at NAV as shown above includes adjustments in accordance with U.S. GAAP.
(f)
Annualized.
(g)
For the period from November 24, 2025 to March 31, 2026, the Sponsor waived the entire Sponsor's Fee. The Sponsor has agreed, for a period through May 31, 2026, to waive the entire Sponsor's Fee on the first $5.0 billion of the Fund's assets.
Franklin XRP ETF [Member]  
FINANCIAL HIGHLIGHTS [Abstract]  
Summary of Per Share Performance
   
For the period November 24,
2025 (Date of commencement of
operations) through
March 31, 2026*
 
      
Net asset value per Share, beginning of period
  $24.40 (a)
Net investment loss(b)
                                    - 
Net realized and unrealized gain (loss) on investment in XRP(c)
   (9.77) 
Net change in net assets from operations
   (9.77) 
Net asset value per Share, end of period
  $14.63 
      
Total return, at net asset value(d)(e)
   (40.04)%
      
Ratio to average net assets(f)
     
Net investment loss
   0.00%
Gross expenses
   0.19%
Net expenses(g)
   0.00%
 
*
No comparative period presented as the Fund’s operations commenced on November 24, 2025.
(a)
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.
(b)
Calculated using average Shares outstanding.
(c)
The amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investments for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment.
(d)
Calculation based on the change in net asset value of a Share during the period. Total return for periods of less than a year are not annualized.
(e)
Total Return at NAV is calculated assuming an initial investment made at the NAV at the beginning of the period, and redemption of Shares at NAV on the last day of the period. Total Return at NAV as shown above includes adjustments in accordance with U.S. GAAP.
(f)
Annualized.
(g)
For the period from November 24, 2025 to March 31, 2026, the Sponsor waived the entire Sponsor's Fee. The Sponsor has agreed, for a period through May 31, 2026, to waive the entire Sponsor's Fee on the first $5.0 billion of the Fund's assets.