GraniteShares has once again shifted the targeted debut of its leveraged XRP exchange-traded funds, now aiming for May 7, 2026. This marks the fifth delay since the initial April 2 window, following missed dates of April 9, 16, and 23. The proposed products—the GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF—remain under SEC review and have not received final clearance to list on Nasdaq.
The funds are designed to provide daily leveraged exposure to XRP through derivative instruments such as swaps, futures, and options, rather than direct holdings of the token. The long ETF aims to deliver three times XRP’s daily price movement, while the short seeks triple the inverse. This structure makes them suited for short-term trading, as prolonged holding during volatile swings can lead to return decay.
The broader filing also covers leveraged products tied to Bitcoin, Ethereum, and Solana, meaning the SEC’s handling of the 3x crypto ETF format could affect multiple assets. The delay comes in the wake of ProShares abandoning a similar 3x XRP product in December 2025 due to regulatory hurdles. Meanwhile, institutional interest in XRP remains notable: a recent report identified Goldman Sachs as the largest holder of spot XRP ETFs, with roughly $153.8 million across four issuers.
