v3.26.1
COMBINED STATEMENT OF CASH FLOWS
4 Months Ended
Mar. 31, 2026
USD ($)
Cash Flows from Operating Activities:  
Net increase (decrease) in net assets resulting from operations $ (108,936,566)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:  
Purchases of XRP (161,156,892)
Sales of XRP 4,457,244
Net realized (gain) loss on investment in XRP 1,632,673
Net change in unrealized (appreciation) depreciation on investment in XRP 107,303,893
Change in operating assets and liabilities:  
Sponsor’s fee payable 0
Net cash provided by (used in) operating activities (156,699,648)
Cash Flows from Financing Activities:  
Proceeds from issuance of Shares 161,156,892
Payments on Shares redeemed (4,457,244)
Net cash provided by (used in) financing activities 156,699,648
Cash  
Net increase (decrease) in cash 0
Cash, beginning of period 0
Cash, end of period 0
Supplemental disclosure of non-cash Operating and Financing information:  
In-kind purchases of XRP (173,999,149)
In-kind sales of XRP 9,140,640
In-kind Shares issued in exchange for XRP 173,999,149
In-kind shares redeemed in exchange for XRP (9,140,640)
Franklin XRP ETF [Member]  
Cash Flows from Operating Activities:  
Net increase (decrease) in net assets resulting from operations (108,936,566)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:  
Purchases of XRP (161,156,892)
Sales of XRP 4,457,244
Net realized (gain) loss on investment in XRP 1,632,673
Net change in unrealized (appreciation) depreciation on investment in XRP 107,303,893
Change in operating assets and liabilities:  
Sponsor’s fee payable 0
Net cash provided by (used in) operating activities (156,699,648)
Cash Flows from Financing Activities:  
Proceeds from issuance of Shares 161,156,892
Payments on Shares redeemed (4,457,244)
Net cash provided by (used in) financing activities 156,699,648
Cash  
Net increase (decrease) in cash 0
Cash, beginning of period 0
Cash, end of period 0
Supplemental disclosure of non-cash Operating and Financing information:  
In-kind purchases of XRP (173,999,149)
In-kind sales of XRP 9,140,640
In-kind Shares issued in exchange for XRP 173,999,149
In-kind shares redeemed in exchange for XRP $ (9,140,640)