v3.26.1
COMBINED STATEMENT OF CHANGES IN NET ASSETS
 4 Months Ended
Mar. 31, 2026
USD ($)
Net assets, beginning of period $ 2,440,079 [1]
Net investment loss 0
Net realized gain (loss) on investment in XRP (1,632,673)
Net change in unrealized appreciation (depreciation) on investment in XRP (107,303,893)
Net increase (decrease) in net assets resulting from operations (108,936,566)
Increase (decrease) in net assets from capital share transactions:  
Contributions for Shares issued 335,156,041
Distributions for Shares redeemed (13,597,884)
Net increase (decrease) in net assets resulting from capital share transactions 321,558,157
Net assets, end of period 215,061,670
Franklin XRP ETF [Member]  
Net assets, beginning of period 2,440,079 [1]
Net investment loss 0
Net realized gain (loss) on investment in XRP (1,632,673)
Net change in unrealized appreciation (depreciation) on investment in XRP (107,303,893)
Net increase (decrease) in net assets resulting from operations (108,936,566)
Increase (decrease) in net assets from capital share transactions:  
Contributions for Shares issued 335,156,041
Distributions for Shares redeemed (13,597,884)
Net increase (decrease) in net assets resulting from capital share transactions 321,558,157
Net assets, end of period $ 215,061,670
[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.