v3.26.1
Schedule of Investment
$ in Thousands
Jun. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Schedule of Investments [Line Items]    
Cost $ 480,060 $ 265,678
Fair Value $ 299,230 $ 239,758
% of Net Assets 100.03% 99.33%
Assets in excess of liabilities   $ 1,611
Liabilities in excess of other assets $ (84)  
Net Assets [1] $ 299,146 $ 241,369
Percentage of assets in excess of liabilities   0.67%
Percentage of liabilities in excess of other assets (0.03%)  
Percentage of Net Assets 100.00% 100.00%
Bitcoin    
Schedule of Investments [Line Items]    
Quantity of XRP [2] 286,838,445.9126 131,223,200.0749
Cost [2] $ 480,060 $ 265,678
Fair Value [2] $ 299,230 $ 239,758
% of Net Assets [2] 100.03% 99.33%
[1] No comparative financial statements have been provided as the Trust’s operations commenced on November 19, 2025.
[2] Crypto assets do not have a singular country or geographic region, therefore country information is omitted.