Franklin XRP Trust has reported its financial results for the quarter ending June 30, 2026, revealing a significant increase in total assets and a notable decline in net asset value (NAV) per share. The Trust's total assets rose to $236.5 million, up from $215.1 million at the end of the previous quarter, primarily driven by an increase in the investment in XRP, which reached a fair value of $236.5 million compared to $215.1 million in March 2026. However, the NAV per share decreased to $11.39 from $14.63, reflecting a 22.15% decline attributed to a similar drop in the price of XRP.
The Trust's financial performance was impacted by a net decrease in net assets resulting from operations of approximately $67.4 million, which included a net change in unrealized depreciation on investments in XRP. The Fund's expenses for the quarter totaled $38,563, primarily consisting of the Sponsor's fee, which was partially waived. The Sponsor's fee for the quarter was $118,464, with a waiver of $79,901, resulting in a net fee payable of $38,563.
In terms of operational developments, the Trust issued 6.05 million shares during the quarter, increasing the total shares outstanding to 20.75 million. This increase in shares was facilitated by the issuance of shares in exchange for XRP, with no shares redeemed during the period. The Fund's investment strategy remains focused on reflecting the performance of XRP, and it continues to operate as a passive investment vehicle without active management of its holdings.
Looking ahead, the Trust's management has indicated that it does not foresee any significant changes to its liquidity needs or operational strategies. The Fund's only recurring expense is the Sponsor's fee, which is calculated based on the NAV and may be waived at the Sponsor's discretion. The Trust remains classified as an emerging growth company, subject to reduced public company reporting requirements, and continues to monitor market conditions that could affect the value of its investments in XRP.
About Franklin XRP Trust
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View the complete official filing on the SEC website.
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