v3.26.1
STATEMENTS OF CHANGES IN NET ASSETS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
(Decrease) increase in net assets from operations:        
Net investment loss $ (57) $ (76) $ (80) $ (158)
Net realized loss 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 (decrease) increase in net assets resulting from operations (16,846) 1,179 (51,748) 761
Increase (decrease) in net assets from capital share transactions:        
Shares issued 13,442 269 66,577 1,682
Shares redeemed (699) 0 (180,780) 0
Net (decrease) increase in net assets resulting from capital share transactions 12,743 269 (114,203) 1,682
Total increase (decrease) in net assets from operations and capital share transactions (4,103) 1,448 (165,951) 2,443
Net assets:        
Beginning of period 61,516 11,445 223,364 10,450
End of period $ 57,413 $ 12,893 $ 57,413 $ 12,893
Change in Shares outstanding:        
Shares outstanding at beginning of period 2,360,100 277,700 6,300,100 250,800
Shares issued 510,000 5,900 1,870,000 32,800
Shares redeemed (30,000) 0 (5,330,000) 0
Net increase (decrease) in Shares 480,000 5,900 (3,460,000) 32,800
Shares outstanding at end of period 2,840,100 283,600 2,840,100 283,600