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GraniteShares delays 3x Long and Short XRP ETFs launch to May 7 amid ongoing SEC scrutiny.

Market News
23 Apr 2026
Crypto news
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Neutral
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GraniteShares has postponed the launch of its 3x Long and 3x Short XRP Daily ETFs from April 23 to May 7, marking the fifth delay in three weeks. The repeated postponements reflect ongoing regulatory concerns by the SEC over the 3x leveraged crypto ETF structure, similar to issues that led ProShares to withdraw its 3x crypto products in December 2025. If the May 7 launch is missed, the funds may not debut in 2026, as the SEC's stance on 3x leveraged crypto ETFs remains unresolved. The ETFs aim to offer US investors triple leverage on XRP's daily price moves, both long and short, through cash-settled swaps and futures, but regulatory approval is still uncertain.

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