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- GraniteShares has filed for 3x long and short leveraged XRP ETFs in the U.S.
- The SEC’s pause due to the government shutdown delays ETF approvals.
- Despite market weakness, institutional interest in XRP remains strong.
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A fresh U.S. filing has revealed GraniteShares’ plan to launch a leveraged exchange-traded fund (ETF) tied to XRP, even as the cryptocurrency’s price continues to slide. The application includes 3x long and 3x short XRP ETFs, designed to amplify exposure to the token’s performance. GraniteShares already manages similar leveraged products for Bitcoin, Ethereum, and Solana, marking XRP’s entry into the firm’s growing portfolio of crypto ETFs.
Despite XRP’s current downturn, the filing underscores that institutional demand for XRP-based investment vehicles hasn’t vanished. The move reflects continued faith in XRP’s long-term role in the digital asset space—especially among sophisticated investors betting on volatility.
There is another filing, this time from GraniteShares, for an XRP ETF that includes 3x long and 3x short leveraged investments with exposure to XRP price.
— bill morgan (@Belisarius2020) October 7, 2025
Similar products for Bitcoin, ethereum and Solana.$XRP pic.twitter.com/3oMHVN6arA
Market Slump Dims ETF Excitement
At press time, XRP has dropped below $2.90, ranking as the fifth-largest crypto by market capitalization. The broader market also faces pressure, with Bitcoin and Ethereum both trading in the red.
Optimism surrounding October ETF approvals has been overshadowed by the ongoing U.S. government shutdown, which has frozen the SEC’s ability to process new ETF applications. The delay has dampened hopes for short-term catalysts, leaving traders uncertain about when new approvals might resume.
Also Read: XRP Holds Above $3 as Analysts Eye Breakout to $4.50
Community Reacts: Irony Amid the Fear
XRP attorney and supporter Bill Morgan responded to the filing with humor, posting, “I will continue panic buying XRP in the face of this terrible XRP ETF demand.” His comment highlights the irony of market pessimism during what could be a significant step toward broader institutional recognition. Morgan noted that XRP’s inclusion alongside Bitcoin, Ethereum, and Solana in leveraged ETF offerings reinforces its position among the leading crypto assets.
The Road Ahead for XRP ETFs
While administrative delays and regulatory hurdles persist, GraniteShares’ move ensures XRP remains on the radar of major financial players. Even with approval timelines uncertain, the filing reflects a quiet confidence that XRP’s institutional relevance is far from over.
For long-term believers, the GraniteShares ETF proposal may serve as a reminder that market cycles shift—but attention from Wall Street doesn’t disappear easily.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
