v3.26.1
Creations and Redemptions of Shares (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of activity in number of shares issued and redeemed

As of the date of this Quarterly Report, Authorized Participants may only submit orders to create or redeem Shares through transactions that are referred to as “cash orders”, as the agreements with Authorized Participants do not currently provide for in-kind creations and redemptions.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Activity in Number of Shares Issued and Redeemed:

 

 

 

 

 

 

 

 

Shares issued

 

 

510,000

 

 

 

5,900

 

 

 

1,870,000

 

 

 

32,800

 

Shares redeemed

 

 

(30,000

)

 

 

-

 

 

 

(5,330,000

)

 

 

-

 

Net Change in Number of Shares Issued and Redeemed

 

 

480,000

 

 

 

5,900

 

 

 

(3,460,000

)

 

 

32,800

 

Schedule of activity in value of shares issued and redeemed

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(Amounts in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Activity in Value of Shares Issued and Redeemed:

 

 

 

 

 

 

 

 

Shares issued

 

$

13,442

 

 

$

269

 

 

$

66,577

 

 

$

1,682

 

Shares redeemed

 

 

(699

)

 

 

-

 

 

 

(180,780

)

 

 

-

 

Net Change in Value of Shares Issued and Redeemed

 

$

12,743

 

 

$

269

 

 

$

(114,203

)

 

$

1,682

 

Investment owned balanced contract receivable

 

 

As of June 30,

 

(Amounts in thousands)

 

2026

 

 

2025

 

XRP receivable

 

$

-

 

 

$

-

 

Investment owned balanced contract payable

 

 

As of June 30,

 

(Amounts in thousands)

 

2026

 

 

2025

 

XRP payable

 

$

-

 

 

$

-