v3.26.1
Fair Value of XLM (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Changes in Quantity of XLM and the Respective Fair Value

The following represents the changes in quantity of XLM and the respective fair value:

(Amounts in thousands, except XLM amounts)

 

Quantity

 

 

Fair Value

 

Balance at December 31, 2024

 

 

118,986,745.3227980

 

 

$

39,390

 

XLM contributed

 

 

-

 

 

 

-

 

XLM distributed for Sponsor’s Fee, related party

 

 

(1,466,053.5577133

)

 

 

(450

)

Net change in unrealized appreciation/depreciation on investment in XLM

 

 

-

 

 

 

(10,563

)

Net realized gain on investment in XLM

 

 

-

 

 

 

159

 

Balance at June 30, 2025

 

 

117,520,691.7650850

 

 

$

28,536

 

 

 

 

 

 

 

 

(Amounts in thousands, except XLM amounts)

 

Quantity

 

 

Fair Value

 

Balance at December 31, 2025

 

116,409,174.8450132

 

 

$

23,191

 

XLM contributed

 

 

2,080,633.5559904

 

 

 

340

 

XLM distributed for Sponsor’s Fee, related party

 

 

(1,445,844.1170985

)

 

 

(260

)

Net change in unrealized appreciation/depreciation on investment in XLM

 

 

-

 

 

 

(1,490

)

Net realized loss on investment in XLM

 

 

-

 

 

 

(28

)

Balance at June 30, 2026

 

117,043,964.2839051

 

 

$

21,753