Overview
- GraniteShares, which filed an SEC amendment Thursday, moved the effective date for its 3x Long and 3x Short XRP ETFs to May 7.
- The same filing also rescheduled 3x Bitcoin, Ethereum, and Solana ETFs to that date.
- This is the fifth delay since an April 2 target, using Rule 485 to change timing without restarting registration.
- The funds aim for plus or minus 300% of XRP’s daily move using swaps and futures with cash settlement, and the daily reset can erode returns in choppy markets.
- Analysts warn a further slip could sideline a 2026 debut, while reports of more than $1.5 billion into spot XRP ETFs underscore demand for leveraged options.