GraniteShares leveraged XRP ETFs explained

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GraniteShares, an independent exchange-traded fund (ETF) issuer, submitted a Form N-1A filing with the U.S. Securities and Exchange Commission (SEC) on April 15, outlining its new leveraged XRP ETFs, with the launch now targeted for April 23.
The two products, a 3x long daily XRP ETF and a 3x short daily XRP ETF, have reportedly been in development since 2025, and the expected launch date largely coincides with record institutional interest this year.
It is notable, however, that the date had already been pushed back several times, first to April 2, then April 9, and finally April 16. The new delay was executed under Rule 485 of the Securities Act of 1933, which allows issuers to shift an effective date without restarting the registration process.
In other words, the funds have not been rejected, and the XRP ETF filings remain live under GraniteShares, but reviews and internal processes are still ongoing. The new funds are expected to list on the NASDAQ.
New 3x leveraged X

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