v3.26.1
COMBINED FINANCIAL HIGHLIGHTS - Summary of Per Share Performance (Details)
 2 Months Ended 4 Months Ended 12 Months Ended
Nov. 19, 2025
USD ($)
XRP
$ / item
Nov. 18, 2025
USD ($)
XRP
CreationUnits
shares
Oct. 15, 2025
USD ($)
$ / shares
shares
May 31, 2026
USD ($)
$ / shares
Mar. 31, 2026
USD ($)
XRP
$ / shares
Mar. 31, 2026
XRP
$ / shares
Nov. 23, 2025
XRP
FINANCIAL HIGHLIGHTS [Abstract]              
Net asset value per Share, beginning of period (in Dollars per share)       $ 14.63   $ 24.4 [1]  
Net investment loss (in Dollars per share) [2]           0  
Net realized and unrealized gain (loss) on investment in XRP (in Dollars per share) [3]           (9.77)  
Net change in net assets from operations (in Dollars per share)           (9.77)  
Net asset value per Share, end of period (in Dollars per share)         $ 14.63 $ 14.63  
Total return, at net asset value [4],[5]           (40.04%)  
Ratio to average net assets(f)              
Net investment loss [6]           0.00%  
Gross expenses [6]           0.19%  
Net expenses [6],[7]           0.00%  
Proceeds from issuance of shares (in Dollars) | $ $ 2,221,985.69       $ 161,156,892    
Redemption of Shares (in Dollars) | $ [8]         $ 4,457,244    
Quantity of XRP (in XRP) | XRP 1,086,120.68       159,659,740.0158 159,659,740.0158 1,086,120.68
Quantity of XRP units purchased (in XRP) | XRP 1,086,120.68       81,459,051.0149    
Cost of XRP per unit (in Dollars per Item) | $ / item 2.0458            
Initial Seed Shares [Member]              
Ratio to average net assets(f)              
Shares issued during period, new issues (in Shares) | shares     4,000        
Shares issued, price per share     $ 25        
Proceeds from issuance of shares (in Dollars) | $     $ 100,000        
Redemption of Shares (in Dollars) | $   $ 100,000          
Seed Creation Units [Member]              
Ratio to average net assets(f)              
Shares issued during period, new issues (in Shares) | shares   100,000          
Number of seed creation units (in CreationUnits) | CreationUnits   2          
Number of XRP per Creation Unit   543,060.34          
Number of XRP per share   10.86          
Quantity of XRP (in XRP) | XRP   1,086,120.68          
Subsequent Event [Member]              
Ratio to average net assets(f)              
Threshold value of the fund's assets on the basis of which Sponsor's fee is determined (in Dollars) | $       $ 5,000,000,000      
[1] 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.
[2] Calculated using average Shares outstanding.
[3] 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.
[4] 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.
[5] 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.
[6] Annualized.
[7] 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.
[8] 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.