v3.26.1
Statement of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2026
Cash flow from operating activities    
Net increase (decrease) in net assets resulting from operations [1]   $ (176,613)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Purchases of XRP [1]   (191,130)
Proceeds from XRP sold [1]   24,361
Transfer of XRP to pay Sponsor Fee [1]   436
Net realized (gain) loss from investment in XRP transferred to pay Sponsor Fee [2] $ (30) (37) [1]
Net realized gain (loss) from In-Kind Redemptions of XRP [1]   (470)
Net realized (gain) loss from investment in XRP sold for redemptions [2] 13,762 21,716 [1]
Net change in unrealized (appreciation) depreciation from investment in XRP [2],[3] 70,921 154,910
Changes in operating assets and liabilities:    
Increase (decrease) in Sponsor Fee payable [1]   59
Net cash provided by (used in) operating activities [1]   (166,768)
Cash flow from financing activities    
Creations for Shares issued [1]   191,130
Shares redeemed [1]   (24,362)
Net cash provided by (used in) financing activities [1]   166,768
Net increase (decrease) in cash [1]   0
Cash, beginning of period [1]   0
Cash, end of period [1] $ 0 0
Supplemental disclosure of noncash financing activities    
In Kind Creations of XRP [1]   78,724
In-Kind Redemptions of XRP [1]   $ 3,648
[1] No comparative financial statements have been provided as the Trust’s operations commenced on November 19, 2025.
[2] No comparative period information yet available as the Trust commenced operations on November 19, 2025.
[3] No comparative financial statements have been provided as the Trust’s operations commenced on November 19, 2025.