v3.26.1
Fair Value of XRP - Summary of changes in quantity of ETC and the respective fair value (Detail)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Xrp / Bitcoin
Jun. 30, 2025
USD ($)
Xrp / Bitcoin
Jun. 30, 2026
USD ($)
Xrp / Bitcoin
Jun. 30, 2025
USD ($)
Xrp / Bitcoin
Fair Value Disclosures [Abstract]        
Investment Owned, Beginning balance | Xrp / Bitcoin     122,230,386.26097 4,976,071.513885
Bitcoin contributed | Xrp / Bitcoin     36,272,724.963349 647,661.68855
Bitcoin redeemed | Xrp / Bitcoin     (103,407,400.712419)  
XRP distributed for Sponsor's Fee, related party | Xrp / Bitcoin     (59,982.494915) (66,212.854824)
Net change in unrealized appreciation/depreciation on investment in XRP | Xrp / Bitcoin     0 0
Investment Owned Balance Contracts Realized investment gains losses sold to pay expenses | Xrp / Bitcoin     0 0
Net realized loss on investment in XRP sold for redemption of Shares | Xrp / Bitcoin     0  
Investment Owned, Balance | Xrp / Bitcoin 55,035,728.016985 5,557,520.347611 55,035,728.016985 5,557,520.347611
Investment Owned, at Fair Value | $     $ 223,364 $ 10,450
XRP contributed | $     66,577 1,682
XRP redeemed | $     (180,780)  
XRP distributed for Sponsor's Fee, related party | $     (80) (158)
Net change in unrealized appreciation/depreciation on investment in XRP | $ $ (16,327) $ 1,208 (17,468) 816
Net realized loss on investment in XRP sold to pay expenses | $ (29) 47 (39) 103
Realized Investment Gains Losses Sold for Redemption of Shares | $ (433) 0 (34,161) 0
Investment Owned, at Fair Value | $ $ 57,413 $ 12,893 $ 57,413 $ 12,893