Leisure Capital Management Discloses XRP ETF Position Amid Growing Institutional Adoption

Leisure Capital Management, a wealth management firm based in Overland Park, Kansas, has disclosed a position in Franklin Templeton's XRP ETF during the second quarter of the year, according to a regulatory filing with the U.S. Securities and Exchange Commission.

The firm held 16,745 shares of the Franklin XRP Trust ETF (ticker: XRPZ), valued at approximately $206,000 as of June 30. The position appeared alongside the firm's broader holdings in major corporations including Apple, Microsoft, Nvidia, and Amazon.

Leisure Capital Management manages investment portfolios for both individuals and institutions, with its assets spanning traditional equities, bonds, and ETFs. The XRP ETF position, while modest relative to the firm's large-cap equity holdings, reflects how registered investment advisers are beginning to allocate to digital assets through regulated fund structures rather than through direct custody or private placements.

Broader Institutional Interest in XRP ETFs

The disclosure from Leisure Capital Management adds to a series of recent 13F filings showing increasing institutional engagement with XRP-linked investment products. These filings represent among the first quarterly snapshots of institutional XRP ETF ownership, as the products themselves launched only in 2025.

Earlier in July, Realta Investment Advisors reported a position in the REX-Osprey XRP ETF exceeding $260 million in reported holdings. Vista Finance disclosed exposure to the Franklin XRP Trust ETF, holding 129,958 shares worth approximately $11.45 million. Brookstone Capital Management revealed a $71 million XRP ETF position, while CPR Investments disclosed a $363,000 position in the ProShares Ultra XRP ETF.

Institutional Activity Beyond ETFs

Institutional involvement has extended beyond ETF products. 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 that company's bankruptcy proceedings.

The increasing volume of 13F filings indicates that asset managers are growing more comfortable with XRP through ETF structures, which allow institutions to access the asset via familiar investment channels with standardized custody, reporting, and compliance frameworks. This pattern mirrors the adoption curve seen with spot bitcoin ETFs following their U.S. approval in January 2024, where successive 13F cycles revealed steadily widening institutional participation.

XRP was previously the subject of SEC enforcement actions alleging it was an unregistered security. In July 2023, a federal court ruled that XRP itself is not a security, a decision widely regarded as a significant legal milestone for the token and the broader digital asset industry. The SEC subsequently dropped its appeal in the case in early 2025, effectively closing the enforcement matter and clearing the regulatory path that enabled XRP ETF launches.