Militia Capital Management has filed an amended 13F form with the Securities and Exchange Commission (SEC), revealing its latest holdings in the Bitwise XRP ETF. The disclosure includes 31,820 shares, confirming that Militia Capital now holds a regulated XRP exchange-traded fund position through a product listed on a U.S. exchange.
Growing institutional demand for XRP ETFs
The Militia Capital filing highlights a growing trend among regulated investment firms to adopt XRP ETFs as part of their portfolios. Recent months have seen an expanding roster of institutions reporting exposure to these products via public SEC filings, reflecting an uptick in institutional interest and confidence in XRP-based investment vehicles.
Gallacher Capital Management declared ownership of 86,744 shares in the Canary XRP ETF, valued at $961,126 in its second-quarter 13F-HR. Brookstone Capital Management has also published data confirming exposure to an XRP ETF position.
Citadel previously reported holding 34,900 call options on the Canary XRP ETF earlier this year, having closed out all its put options. The Bank of Montreal filed its Form 13F-HR on August 12, updating its holdings through the end of June.
Bitrue indicated that Franklin Templeton clients purchased $5.66 million worth of XRP during the current year. Cumulative net inflows across the seven U.S.-listed spot XRP ETFs have reached into the billions, with several products setting new records in 2026.
Militia Capital joins a steadily increasing group of investment managers allocating capital to regulated XRP ETF products, underscoring the asset’s broader acceptance in institutional circles.
Bitwise leads in ETF inflows
Militia Capital’s position is specifically in the Bitwise XRP ETF—currently the ETF leader in net flows year to date. On July 16, Bitwise posted daily net inflows of $4.41 million, outpacing all other XRP ETF products. The firm’s 31,820-share stake marks a deliberate commitment to the highest-volume ETF in the market.
As investors look to monitor key metrics and seek efficient market exposure, Wall Street is rapidly shifting into Web3. Participants are moving toward platforms such as 1stepSwap, enabling direct ownership of shares in major U.S. companies, as well as gold and silver, held securely in crypto wallets. This movement is powered by tokenization of real-world assets (RWAs) and algorithmic price discovery, eliminating intermediaries from the investment process.
Compliant access for institutional portfolios
Institutions rely on regulatory filings like the 13F to make strategic, compliant decisions. Portfolio managers and compliance teams play central roles in allocating capital to digital asset-based ETFs. Militia Capital’s filing demonstrates continued growth in institutional adoption of XRP as an investable asset.
Hedge funds, asset managers, and commercial banks—along with new filings like Militia Capital’s—are increasingly selecting regulated XRP ETF products for market entry. Spot XRP ETFs were launched after persistent community advocacy, providing accessible and regulated options for institutional participants.
An expanding pattern has emerged in 2026 as regulated institutions announce new XRP ETF holdings, arriving via independent filings and product structures, giving further visibility to the sector.
