- The delay impacts several leveraged crypto ETFs, including BTC, ETH, SOL, and XRP.
- SEC Rule 485 lets issuers shift the effective date without restarting registration.
- Both GraniteShares 3x XRP ETFs are designed to use derivatives like swaps and futures.
GraniteShares has postponed the launch of its highly anticipated 3x Long and 3x Short XRP ETFs to May 7, 2026, after filing an updated amendment with the SEC. The delay pushes back what was originally expected to be one of the first 3x leveraged XRP ETFs listed on a US exchange.
The latest SEC filing states that the amendment’s purpose is to delay the effectiveness of the registration statement covering several leveraged crypto ETFs, including BTC, ETH, SOL, and XRP.
It’s worth noting that the ETFs aren’t canceled, just pushed to May 7, as the approval process is still ongoing. This is just the latest in a string of holdups that have shuffled dates through April.
First, it was set for April 2, then April 9, then April 16, and finally it was supposed to launch today, on April 23. This latest delay is under SEC Rule 485, which lets issuers change the effective date without having to restart the entire registration process.
Both the GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF aim to produce three times the daily move of XRP, or three times the opposite. They are designed to use derivatives like swaps and futures, not actual XRP.
These ETFs are made for short‑term trades, as opposed to long‑term holds, because daily rebalancing and volatility decay can eat away at returns over time.
(adsbygoogle = window.adsbygoogle || []).push({});Recent numbers show XRP investment products are already pulling in serious capital from institutions, which could be a big driver for future price moves.
According to CoinShares, even as the market slid in late March, XRP pulled in $15.8 million of net inflows, a sign that investor demand held up relatively well. Others like Bitcoin, Ethereum, and Solana recorded notable outflows.
XRP ETF trading activity has also accelerated, with daily volumes surpassing $26 million last week.
Generally speaking, XRP ETF inflows can have a positive impact on XRP’s price because they show actual and lasting demand, and not just short‑term speculation. Unlike hype‑driven retail rallies, ETF inflows involve actual XRP purchases and build a stable base of demand.
If this trend continues (especially as new leveraged ETFs hit the market), it could generate steady buying pressure and serve as a medium‑term catalyst for XRP’s price.
Related: Ripple Sets 2028 Target to Make XRP Ledger Quantum-Ready
