GraniteShares Delays 3x XRP ETF Debut Until May 7 In Amended SEC Filing

TLDR

• GraniteShares moved the 3x XRP ETF launch date from April 23 to May 7.
• The amended SEC filing also delayed leveraged BTC, ETH, and SOL ETFs.
• The products target 300% and -300% of XRP daily price moves.
• The funds use swaps and futures and reset exposure each trading day.
• The filing stayed active under Rule 485 without restarting registration.

GraniteShares has delayed the launch of its 3x leveraged XRP ETFs until May 7, according to an amended SEC filing. The change shifts the expected debut from April 23 and keeps focus on regulatory review of high-risk crypto products.

GraniteShares shifts XRP ETF launch date

GraniteShares filed an amendment with the U.S. Securities and Exchange Commission to delay the launch. The filing changed the effective date to May 7. It covers the 3x Long XRP Daily ETF and the 3x Short XRP Daily ETF.

The same amendment also delayed similar products tied to Bitcoin, Ethereum, and Solana. That shows the change was not limited to XRP alone. Still, the XRP funds have drawn close attention because of growing interest in XRP investment products.

The filing was made under Rule 485 of the Securities Act. This rule lets an issuer adjust timing without starting the process again. So the registration remains in place while the launch date moves forward.

SEC review stays focused on leveraged structures

The delay points to continued caution around leveraged crypto ETFs. These products are built for short-term trading, and they carry higher risk. Regulators have paid close attention to daily reset funds because outcomes can change fast.

GraniteShares’ XRP funds aim to deliver 300% and -300% of XRP’s daily move. They use swaps and futures to create that exposure. Because of the daily reset, longer-term returns can differ from three times the asset’s total move.

That structure can hurt returns in choppy markets. Price swings can cause value loss even when the asset ends near the same level. For that reason, the products are generally aimed at active traders, not buy-and-hold investors.

The filing named Jeff Klearman and Ryan Dofflemeyer as portfolio managers. GraniteShares has not said that the products were rejected. The updated filing only moved the launch date to May 7.

XRP ETF demand remains in focus

The delay comes as XRP products continue to attract market attention. Reports cited in the market said spot XRP ETFs have drawn more than $1.5 billion since late 2025. That demand has kept XRP funds in focus even as leveraged products face review.

Large financial firms have also been linked to XRP ETF exposure. Market reports said Goldman Sachs holds about $150 million in XRP ETF positions. JPMorgan has projected first-year XRP ETF inflows between $4 billion and $8.4 billion.

Those figures help explain why the GraniteShares launch is being watched closely. A leveraged XRP ETF would give traders access through standard brokerage accounts. It could also add more trading activity around XRP-linked funds.

For now, the key update is timing. GraniteShares has moved the launch date to May 7 through an amended SEC filing. As one filing update showed, the products remain active, but the debut will come later than expected.

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