XRP News Today: SEC's Delays Threaten GraniteShares' High-Stakes XRP ETF Gambit
GraniteShares, a global exchange-traded product (ETP) issuer, has filed with the U.S. Securities and Exchange Commission (SEC) to launch two new leveraged XRPXRP-- ETFs, the GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF [1]. These products aim to provide investors with exposure to three times the daily performance of XRP, amplifying both potential gains and losses. For instance, a 33.3% drop in XRP's price could erase an investor's capital in the long ETF, while a 33.3% rise in XRP could wipe out the short ETF's value [1]. The filing, dated October 7, 2025, indicates a potential launch as early as December 21, 2025, assuming regulatory approval within 75 days [1].
The proposed ETFs align with GraniteShares' broader strategy to expand its leveraged crypto product offerings, which already include 2x leveraged ETFs for tokens like BitcoinBTC--, EthereumETH--, and SolanaSOL-- [1]. The company has not yet disclosed details such as ticker symbols or management fees for the XRP products [1]. If approved, these ETFs would join existing leveraged XRP options from firms like Teucrium and ProShares. Teucrium's 2x Long Daily XRP ETF (XXRP), for example, has attracted $421.1 million in assets under management (AUM) since its April 2025 launch [1].
The timeline for regulatory approval remains uncertain due to the U.S. government shutdown, which has delayed SEC decisions on crypto ETFs. The agency recently missed its deadline for a decision on Canary Capital's Litecoin ETF application, raising concerns about potential delays for XRP products [1]. Additionally, the SEC's adoption of the Generic Listing Standards framework in September 2025 has introduced flexibility in the approval process, allowing regulators to approve or reject applications at any time, regardless of prior deadlines [1].
The XRP ETF landscape is crowded, with multiple spot and futures-based proposals pending. As of October 2025, six XRP spot ETF applications are under review, including those from Grayscale, 21Shares, Bitwise, and Franklin Templeton, with final decisions expected between October and November 2025 [4]. While futures-based XRP ETFs like ProShares' UXRP and Volatility Shares' XRPI are already trading, spot ETFs remain unapproved in the U.S. [4]. A regulatory greenlight for spot XRP ETFs could significantly boost market liquidity and investor access, but delays could prolong uncertainty for the asset class.
Analysts highlight the growing appetite for leveraged crypto products, particularly in a market characterized by high volatility. GraniteShares' 3x leveraged XRP ETFs could cater to risk-seeking investors seeking amplified exposure to XRP's price swings. However, such products are inherently speculative, with daily rebalancing and compounding effects that may erode returns over time. The success of existing leveraged ETFs, like the XXRP, demonstrates that demand exists but underscores the importance of risk management [1].
The potential launch of GraniteShares' XRP ETFs also reflects broader trends in crypto asset adoption. With institutional interest in XRP growing and regulatory frameworks evolving, leveraged products may serve as a bridge for traditional investors to engage with the asset class. However, the SEC's cautious approach to XRP, which it has historically treated as a security, adds a layer of complexity. Any approval of the GraniteShares ETFs would signal a shift in the agency's stance, potentially paving the way for other XRP-based products.
Investors are advised to approach leveraged ETFs with caution, given their amplified risk profiles. The SEC's regulatory actions, market volatility, and the inherent mechanics of leveraged products all contribute to a dynamic environment. As the crypto market navigates these developments, GraniteShares' XRP ETFs could either accelerate XRP's mainstream adoption or face regulatory hurdles that delay their debut.
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