Statements of Assets and Liabilities - USD ($)		Sep. 30, 2025	Dec. 31, 2024
Assets
Investment in XRP, at fair value (cost $216,527,291, and $220,676,000, respectively)		$ 280,028,593	$ 209,510,000
Total assets		280,028,593	209,510,000
Liabilities
Sponsor fee payable		132,962	157,810
Total liabilities		132,962	157,810
Commitments and contingent liabilities (Note 7)
Net assets		279,895,631	209,352,190
Net assets consist of
Paid-in-capital		220,676,000	220,676,000
Accumulated earnings (loss)		59,219,631	(11,323,810)
Net assets	[1]	$ 279,895,631	$ 209,352,190
Shares issued and outstanding, no par value, unlimited amount authorized		10,000,000	10,000,000
Net asset value per Share, end of period		$ 27.99	$ 20.94

[1] No comparative statement has been provided as the Trust did not have operations as of September 30, 2024.