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5d ago

GraniteShares Seeks 3x Long and Short Crypto ETFs for XRP, Bitcoin, Ether and Solana

Regulatory reviews are on hold during the U.S. government shutdown, leaving timing uncertain under the SEC’s new generic listing standards.

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Graniteshares bets on xrp with sec filing for long and short 3x crypto etfs

Overview

  • GraniteShares filed SEC registrations for matched 3x Long and 3x Short daily funds tied to XRP, Bitcoin, Ether and Solana that aim to deliver triple the underlying asset’s daily return.
  • The issuer indicated the products could begin trading as early as December 21, 2025 if they receive regulatory clearance.
  • Routine SEC processing is paused due to the federal shutdown, delaying listings and producing unusual outcomes such as Teucrium’s 2x Long XRP fund launching automatically on October 3 when a deadline lapsed.
  • Investor demand appears strong, with Teucrium’s XXRP exceeding about $400 million in assets and ProShares’ UXRP surpassing $100 million within months of launch.
  • Under the SEC’s newly adopted Generic Listing Standards, exchanges can list qualifying commodity ETPs more quickly, and competitors such as Defiance have filed dozens of leveraged crypto ETF proposals.