XRP News Today: As SEC Stalls, 3x XRP ETFs Eye December 2025 Launch Amid $70B Surge

Ripple's XRP is experiencing a surge in exchange-traded fund (ETF) interest, with GraniteShares recently filing for two 3x leveraged ETFs tied to the cryptocurrency. The proposed products, dubbed the GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF, aim to provide investors with triple the daily performance of XRP, amplifying both gains and losses. If approved, these funds could launch as early as December 21, 2025, pending regulatory clearanceTheCryptoBasic^[1]. The filings highlight the growing appetite for leveraged exposure to XRP, a trend already evident in existing ETFs such as Teucrium's 2x Long Daily XRP ETF (XXRP), which has amassed $421.1 million in assets under management (AUM) since its April 2025 debutTheCryptoBasic^[1].

The U.S. Securities and Exchange Commission (SEC) remains a critical factor in the timeline for new XRP ETFs. While GraniteShares' 3x products await approval, multiple spot XRP ETF applications-including those from Grayscale, Bitwise, and WisdomTree-are under review. However, the SEC's operations have been delayed by a government shutdown, complicating the approval process. For instance, the regulator missed its deadline for a decision on Canary Capital's Litecoin ETF this monthTheCryptoBasic^[1]. The SEC's recent adoption of Generic Listing Standards, a framework allowing flexible approval timelines for commodity-based ETFs, has further blurred expectations for decision datesTheCryptoBasic^[1].

Existing XRP ETFs demonstrate strong market traction. ProShares' 2x leveraged UXRP fund, launched in July 2025, has attracted $70 billion in AUM, while Volatility Shares' XRPI product, a 1x non-leveraged futures ETF, holds $5 billionTheCurrencyAnalytics^[5]. In Canada, Purpose Investments' XRP ETF, the first spot product of its kind, has drawn $20 billion in assetsTheCurrencyAnalytics^[5]. These figures underscore the potential for GraniteShares' 3x offerings to capitalize on existing demand, particularly as leveraged products gain popularity amid volatile crypto markets.

The regulatory landscape for XRP ETFs remains dynamic. Unlike spot ETFs, which require explicit SEC approval, futures-based ETFs can automatically launch if the agency does not intervene within statutory deadlines. This was exemplified by Teucrium's 2x Long Daily XRP ETF, which went live in October 2025 after the SEC failed to act during the government shutdown. GraniteShares' 3x leveraged products, however, fall under the 1940 Act, meaning they could similarly bypass active SEC approval if deadlines expire without objection.

Market dynamics for XRP itself present mixed signals. While ETF inflows suggest optimism, on-chain metrics reveal declining futures open interest, with XRP's open interest dropping to $3.02 billion in October 2025-a 2025 lowCCN^[4]. This decline reflects cautious positioning among traders, though institutional accumulation of XRP tokens has increasedCCN^[4]. Analysts note that leveraged ETFs could reintroduce volatility to the market, a key characteristic of crypto trading, as investors seek amplified returnsYahoo Finance^[2].

The broader ETF landscape for XRP includes over 30 pending filings, with major players like Grayscale, 21Shares, and Franklin Templeton awaiting decisionsTheCurrencyAnalytics^[5]. Grayscale's XRP Trust, with $17.46 million in AUM as of September 2025, is among the first to transition from a trust to an ETF structure. Meanwhile, 21Shares' XRP ETP in Europe holds a 2.50% fee and commands significant institutional interest. The potential approval of multiple spot ETFs by year-end could trigger a surge in XRP adoption, mirroring the impact of Bitcoin ETFs in earlier 2025TheCurrencyAnalytics^[5].

As the SEC navigates its backlog of applications, the XRP ETF market is poised for expansion. GraniteShares' 3x leveraged products, if approved, would join a growing list of offerings that cater to both bullish and bearish market views. With existing ETFs demonstrating robust AUM and regulatory pathways evolving, XRP's integration into traditional finance appears to be accelerating, albeit with lingering uncertainties around market volatility and regulatory timelinesTheCryptoBasic^[1]Yahoo Finance^[2]TheCurrencyAnalytics^[5].