v3.26.1
Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2026
Investment income    
Investment income [1] $ 0 $ 0
Expenses    
Sponsor Fee [1] 262 494
Total expenses [1] 262 494
Less: waivers and reimbursements [1] 0 0
Net expenses [1] 262 494
Net investment income (loss) [1],[2] (262) (494)
Net realized and change in unrealized gain (loss) on investments    
Net realized gain (loss) from investment in XRP transferred to pay Sponsor Fee [1] 30 37 [3]
Net realized gain (loss) from In-Kind Redemptions of XRP [1] 0 470
Net realized gain (loss) from investment in XRP sold for redemptions [1] (13,762) (21,716) [3]
Net change in unrealized appreciation (depreciation) from investment in XRP [1],[2] (70,921) (154,910)
Net realized and unrealized gain (loss) [1] (84,653) (176,119)
Net increase (decrease) in net assets resulting from operations [1] $ (84,915) $ (176,613)
[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.