TLDR
- GraniteShares has submitted a filing to the SEC to launch 3x leveraged XRP ETFs in the United States.
- The proposed ETFs include a 3x Long XRP Daily ETF and a 3x Short XRP Daily ETF designed to track daily XRP price movements.
- If approved, the leveraged XRP ETFs could begin trading as early as December 21, 2025.
- The ETFs aim to magnify daily gains or losses by three times, depending on the direction of XRP’s price.
- GraniteShares also plans to launch similar leveraged ETF products for Bitcoin, Ethereum, and Solana.
GraniteShares has officially filed with the U.S. SEC to introduce two leveraged ETFs based on the XRP token. The proposal includes the GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF. If approved, the XRP ETF products could begin trading as early as December 21, 2025.
3x Long and Short XRP ETFs Target Daily Performance
GraniteShares aims to offer investors amplified exposure to XRP’s daily price movements through its proposed 3x leveraged ETFs. The 3x Long XRP ETF targets three times the daily gain of XRP, while the 3x Short XRP ETF targets three times the inverse. These products can generate significant returns or losses, depending on market direction.
For instance, a 33.3% drop in XRP could wipe out an entire investment in the 3x Long XRP ETF. Conversely, a 33.3% rise would eliminate investments in the 3x Short XRP ETF. The filing notes that daily resetting of leverage magnifies short-term movements but doesn’t track long-term returns.
GraniteShares has not disclosed ticker symbols or fee structures for the proposed XRP ETF products. However, the SEC filing outlines that these could be ready to launch within 75 days of October 7. The products are subject to final approval by the regulatory body.
GraniteShares Expands ETF Plans Beyond XRP
GraniteShares is also seeking SEC approval to launch leveraged ETFs tied to other major digital assets. The filing mentions plans to create similar 3x ETFs for Bitcoin, Ethereum, and Solana. These proposals signal growing demand for speculative crypto products in regulated markets.
This expansion reflects a broader industry trend, as other issuers have launched similar offerings in recent months. Teucrium’s 2x Long Daily XRP ETF (XXRP), launched in April, has already accumulated $421.1 million in AUM. Volatility Shares and ProShares have also introduced leveraged crypto ETFs.
Despite market volatility, leveraged ETF products continue gaining traction among investors looking for short-term opportunities. These funds reset daily, which makes them suitable for active trading rather than long-term holding. Still, strong demand has encouraged issuers to expand their crypto ETF lineups.
SEC Review Timeline and Market Context
The proposed XRP ETF products may face delays due to the ongoing U.S. government shutdown, which is impacting SEC operations. The regulatory body already missed a key deadline for the Canary Capital Litecoin ETF decision this month. This suggests potential disruption for other crypto-related ETF reviews.
At the same time, the SEC is also reviewing multiple spot XRP ETF applications, including one from Bitwise. Market participants await rulings expected later this month, though no firm timeline is guaranteed. “Timelines have lost significance,” said analysts, citing recent SEC rule changes.
The SEC’s adoption of the Generic Listing Standards has changed the approval process for digital asset ETFs. Under this framework, the commission can now approve or reject crypto ETF filings at any time. As a result, deadlines are now more flexible and less predictable.
