Kansas-based asset management company Leisure Capital Management announced that it took a position in Franklin Templeton’s XRP-focused exchange-traded fund in the second quarter of the year. A new regulatory filing filed with the U.S. Securities and Exchange Commission showed continued interest from institutional investors in XRP-related products.
Leisure Capital Management’s XRP ETF investment
Leisure Capital Management held 16,745 shares traded in the Franklin XRP Trust ETF, according to a regulatory filing. The value of this position was recorded as approximately 206 thousand dollars as of June 30. Although the amount remained limited, he pointed out that investment instruments based on XRP were starting to be watched by a wider audience of investors.
The Overland Park, Kansas-based company manages investment portfolios for individuals and institutions. The firm’s portfolio includes traditional stocks, bonds and ETFs. XRP ETF position was also reported along with major company stocks such as Apple, Microsoft, Nvidia and Amazon.
Leisure Capital Management reported carrying 16,745 shares in the Franklin XRP Trust ETF, a position worth approximately $206,000 as of June 30.
Other corporate applications also attracted attention
Earlier in July, Realta Investment Advisors also reported a position in the REX Osprey XRP ETF. According to the notification in question, the asset size announced by the company was over 260 million dollars. Vista Finance announced that it holds 129,958 shares in the Franklin XRP Trust ETF and that this share is worth approximately $11.45 million.
Brookstone Capital Management announced a $71 million position in XRP ETFs. CPR Investments also reported $363,000 in assets in the ProShares Ultra XRP ETF. These filings from multiple institutions revealed that XRP-linked products are becoming more visible in portfolios.
| Organisation | Product | Reported position |
|---|---|---|
| Leisure Capital Management | Franklin XRP Trust ETF | 16,745 shares, approximately $206K |
| Vista Finance | Franklin XRP Trust ETF | 129,958 shares, approximately $11.45 million |
| Brookstone Capital Management | XRP ETF position | $71 million |
| CPR Investments | ProShares Ultra XRP ETF | 363 thousand dollars |
Interest extending beyond ETFs
Corporate activity hasn’t been limited to ETFs. Galaxy Digital, Arrington Capital, The Private Shares Fund and GAM Alternatives Lux have reached an agreement to purchase approximately $130 million worth of Ripple Labs private shares from Linqto as part of the company’s bankruptcy process.
Galaxy Digital is among the institutional investment companies operating in the field of digital assets. Ripple Labs is known as the payment technologies company connected to the XRP ecosystem.
Galaxy Digital, Arrington Capital, The Private Shares Fund and GAM Alternatives Lux have reached an agreement to acquire approximately $130 million worth of Ripple Labs private shares from Linqto.
ETF impact on institutional access
Increasing 13F applications revealed that asset managers are more comfortable approaching XRP compared to previous periods. ETF structures provide institutional investors with access to this asset through familiar investment channels. This creates an alternative path for institutions that do not want to hold crypto assets directly.
