v3.26.1
SIGNIFICANT ACCOUNTING POLICIES - Changes in Shares (Details)
 4 Months Ended
Nov. 19, 2025
USD ($)
XRP
$ / item
Nov. 18, 2025
USD ($)
XRP
CreationUnits
shares
Oct. 15, 2025
USD ($)
$ / shares
shares
Mar. 31, 2026
USD ($)
XRP
shares
Nov. 23, 2025
XRP
SIGNIFICANT ACCOUNTING POLICIES [Abstract]          
Beginning Balance, Shares | shares       100,000  
Beginning Balance, Amount [1],[2]       $ 2,224,208  
Creation of Shares, Shares | shares       7,500,000  
Creation of Shares, Amount [1]       $ 161,156,892  
Creation of Shares in-kind, Shares | shares       8,000,000  
Creation of Shares in-kind, Amount [1]       $ 173,999,149  
Redemption of Shares, Shares | shares       (300,000)  
Redemption of Shares, Amount [1]       $ (4,457,244)  
Redemption of Shares in-kind, Shares | shares       (600,000)  
Redemption of Shares in-kind, Amount [1]       $ (9,140,640)  
Ending Balance, Shares | shares [3]       14,700,000  
Ending Balance, Amount [1]       $ 323,782,365  
Proceeds from issuance of shares $ 2,221,985.69     $ 161,156,892  
Quantity of XRP | XRP 1,086,120.68     159,659,740.0158 1,086,120.68
Cost of XRP per unit | $ / item 2.0458        
Redemption of Shares [1]       $ 4,457,244  
Initial Seed Shares [Member]          
SIGNIFICANT ACCOUNTING POLICIES [Abstract]          
Redemption of Shares, Amount   $ (100,000)      
Creation of Shares | shares     4,000    
Proceeds from issuance of shares     $ 100,000    
Shares issued, price per share | $ / shares     $ 25    
Redemption of Shares   $ 100,000      
Seed Creation Units [Member]          
SIGNIFICANT ACCOUNTING POLICIES [Abstract]          
Creation of Shares | shares   100,000      
Number of XRP per creation unit   543,060.34      
Number of XRP per share   10.86      
Quantity of XRP | XRP   1,086,120.68      
Number of seed creation units issued | CreationUnits   2      
[1] Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.
[2] 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.
[3] No par value, unlimited amount authorized.