XRP ETF Gains Investment From Kansas-Based Wealth Manager
Kansas-based wealth manager Leisure Capital Management has revealed a position in Franklin Templeton’s XRP ETF during the second quarter of the year.
According to a newly filed regulatory form with the U.S. Securities and Exchange Commission, Leisure Capital Management held 16,745 shares of the Franklin XRP Trust ETF (XRPZ). They were valued at roughly $206,000 as of June 30.
The investment is not significant, but it shows that XRP is gaining more and more acceptance.
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The Overland Park, Kansas-based wealth management firm manages investment portfolios for individuals and institutions and holds traditional equities, bonds and ETFs.
Its XRP ETF position appeared alongside holdings in major companies including Apple, Microsoft, Nvidia and Amazon.
More institutional interest
Earlier in July, Realta Investment Advisors reported a position in the REX-Osprey XRP ETF with more than $260 million in reported holdings.
Vista Finance also disclosed exposure to the Franklin XRP Trust ETF, holding 129,958 shares worth approximately $11.45 million.
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Brookstone Capital Management revealed a $71 million XRP ETF position. At the same time, CPR Investments disclosed a $363,000 position in the ProShares Ultra XRP ETF.
Institutional activity has also extended beyond ETFs.
Galaxy Digital, Arrington Capital, The Private Shares Fund and GAM Alternatives Lux recently agreed to purchase approximately $130 million worth of Ripple Labs private shares from Linqto as part of the company’s bankruptcy proceedings.
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The growing number of 13F filings shows that asset managers are increasingly comfortable with XRP, which used to be considered a security by the SEC before being ultimately vindicated.
ETF structures make it possible for institutions to access the asset through familiar investment channels.
