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GraniteShares launches 3x leveraged XRP ETF on Nasdaq amid rising institutional demand.

Market News
23 Apr 2026
Tokenpost
View Source
Bullish
pluang ai news

GraniteShares has introduced a 3x leveraged XRP ETF on Nasdaq, designed to deliver three times the daily price movement of XRP through derivatives. This launch reflects growing institutional interest in XRP investment products, with spot XRP ETFs attracting over $1.24 billion in inflows since late 2025. The leveraged ETF targets short-term traders rather than long-term holders due to risks like volatility decay. XRP's price is currently near $1.42, with technical resistance at $1.45 and support around $1.41, while market optimism is fueled by potential adoption in payment systems and regulatory clarity, though these remain speculative.

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