v3.26.1
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income:        
Investment income $ 0 $ 0 $ 0 $ 0
Expenses:        
Sponsor's Fee, related party 57 76 172 158
Gross expenses 57 76 172 158
Sponsor's Fee Waiver, related party 0 0 (92) 0
Net expenses 57 76 80 158
Net investment loss (57) (76) (80) (158)
Net realized and unrealized gain (loss) from:        
Net realized (loss) gain on investment in XRP sold to pay expenses (29) 47 (39) 103
Net realized loss on investment in XRP sold for redemption of Shares (433) 0 (34,161) 0
Net change in unrealized appreciation/depreciation on investment in XRP (16,327) 1,208 (17,468) 816
Net realized and unrealized loss on investment (16,789) 1,255 (51,668) 919
Net (decrease) increase in net assets resulting from operations $ (16,846) $ 1,179 $ (51,748) $ 761