v3.26.1
Fair Value of XRP - Schedule of Changes in Quantity of XRP and Fair Value (Details)
$ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended
Dec. 31, 2025
USD ($)
Xrp
Jun. 30, 2026
USD ($)
Xrp
Jun. 30, 2026
USD ($)
Xrp
Fair Value Disclosures [Abstract]      
Beginning balance | Xrp 0   131,223,200.0749
Purchases | Xrp 72,553,177.4122   129,072,021.7552
In-Kind Creations | Xrp 58,670,022.6627   52,458,166.3494
Sales for the redemption of Shares | Xrp     (22,925,086.3295)
In-Kind Redemptions | Xrp     (2,685,061.9016)
XRP transferred for Sponsor Fee | Xrp     (304,794.0358)
Ending balance | Xrp 131,223,200.0749 286,838,445.9126 286,838,445.9126
Beginning balance $ 0   $ 239,758
Purchases 148,288   191,130
In-kind Creations 117,382   78,724
Sales for the redemption of Shares     (30,179)
In-Kind Redemptions     (3,648)
XRP transferred for Sponsor Fee     (436)
Net realized gain (loss) from investment in XRP transferred to pay Sponsor Fee [1]   $ 30 37 [2]
Net realized gain (loss) from In-Kind Redemptions of XRP     470
Net realized gain (loss) from investment in XRP sold for redemptions [1]   (13,762) (21,716) [2]
Change in unrealized appreciation (depreciation) from investment in XRP (25,912) (70,921) [1],[3] (154,910) [1],[3]
Ending balance $ 239,758 $ 299,230 $ 299,230
[1] No comparative period information yet available as the Trust commenced operations on November 19, 2025.
[2] No comparative financial statements have been provided as the Trust’s operations commenced on November 19, 2025.
[3] No comparative financial statements have been provided as the Trust’s operations commenced on November 19, 2025.