Franklin XRP Trust reported a net decrease in net assets resulting from operations of $108.9M for the period Nov. 24, 2025–Mar. 31, 2026, driven primarily by a $107.3M unrealized depreciation tied to XRP price movement.
Financial Highlights
- Net income: Net decrease in net assets resulting from operations of $108.9M for Nov. 24, 2025–Mar. 31, 2026 (comprised of $1.63M realized loss and $107.30M unrealized depreciation).
- Revenue: Not reported for the period; the Fund is a passive ETF whose primary movement reflects XRP price changes.
- Diluted EPS: Not reported for the period.
Business Highlights
- Fund launch & listing: The fund commenced Nov. 24, 2025 and its Shares listed on NYSE Arca under the ticker XRPZ.
- Asset inflows & seed activity: A seed investor funded creation of 100,000 Shares via 1,086,120.68 XRP; total custody reached 159.66M XRP at Mar. 31, 2026.
- NAV & price impact: NAV per Share fell 40.04% to $14.63 from $24.40, driven directly by a 40.04% decline in XRP price.
- Fees & sponsor support: The sponsor accrues a 0.19% annual fee, assumed many operating expenses and waived fees on the first $5B through May 31, 2026.
- Valuation & controls: NAV is calculated daily using the Index; GAAP fair value for financial statements is based on the Principal Market Price.
Original SEC Filing:
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