Three registered investment advisers disclosed new XRP ETF positions in quarterly 13F filings with the U.S. Securities and Exchange Commission, adding to the growing list of institutional firms gaining structured exposure to XRP through regulated products.
The Disclosures at a Glance
Gallacher Capital Management LLC, a Colorado-based wealth management firm, disclosed a position in the Canary XRP ETF. According to its Form 13F-HR filed on July 17, the firm held 86,744 shares valued at approximately $961,126 as of June 30, 2026.
Vista Finance, a registered financial adviser, reported holding 129,958 shares of the Franklin XRP Trust ETF, with a market value of roughly $11.45 million at the end of the second quarter — among the larger disclosed positions from a single registered adviser to date.
CPR Investments, a Michigan-based registered investment adviser, disclosed a new position in the ProShares Ultra XRP ETF. The firm held 36,619 shares valued at approximately $363,627.
Gallacher Capital Management (Colorado)
Product: Canary XRP ETF | Shares: 86,744 | Value: ~$961,126 (Jun 30)
Vista Finance
Product: Franklin XRP Trust ETF | Shares: 129,958 | Value: ~$11.45M (Jun 30)
CPR Investments (Michigan)
Product: ProShares Ultra XRP ETF | Shares: 36,619 | Value: ~$363,627
Why These Filings Matter
13F filings are required quarterly from institutional investment managers with at least $100 million in qualifying assets. The disclosures covering the period ending June 30 represent the first full quarter since multiple XRP ETFs launched in the U.S. That these three firms — none of them household names — are already reporting XRP ETF holdings suggests adoption is spreading beyond the large-cap allocators.
Smaller registered investment advisers tend to move slower than major institutions, requiring additional compliance review and client approval before new asset classes are added to managed portfolios. A cluster of disclosures in a single quarter indicates the ETF wrapper has lowered the barrier enough for this layer of the market to participate.
The Product Landscape Expanding in Parallel
The disclosures arrive alongside the launch of T. Rowe Price's TKNZ ETF, which provides multi-asset crypto exposure including XRP. T. Rowe Price manages approximately $7 trillion in assets. While that product is not a pure-play XRP vehicle, its presence adds another on-ramp for advisers who prefer diversified crypto exposure over single-asset ETF products.
Across Canary, Franklin, and ProShares products, the XRP ETF market now spans multiple product structures catering to different risk appetites — from direct-hold spot products to leveraged funds — giving advisers options that fit different client mandates.
What Comes Next
Q3 2026 13F filings, covering the period ending September 30, will provide the next comprehensive look at institutional XRP positioning. If the pattern continues, the number of disclosed holders is likely to expand further, as advisers who initiated due diligence during Q2 complete their review cycles and begin allocating.
For a live view of on-chain XRP ETF custody data, the XRPLAnalytics ETF tracker tracks Bitwise's disclosed on-chain holdings alongside aggregated AUM data for other products.