Graniteshares Targets April 23 For 3x $Xrp Etfs

GraniteShares has filed an SEC Form N-1A amendment to launch two leveraged exchange-traded funds tied to $XRP, with both products set to debut on the Nasdaq on April 23, 2026.

The two funds, a 3x Long $XRP Daily ETF and a 3x Short $XRP Daily ETF, will each target 300% of $XRP's daily price performance through cash-settled swaps and futures contracts. They are designed primarily for short-term traders and institutional investors looking for amplified exposure to $XRP within standard brokerage accounts.

The launch comes against a backdrop of growing institutional appetite for $XRP-linked products. Spot $XRP ETFs have attracted more than $1.24 billion in inflows since November 2025, while earlier 2x leveraged products from GraniteShares already hold approximately $73 million in assets under management.

As with all leveraged ETFs, the funds carry compounding risk over periods longer than a single trading day, making them better suited to tactical rather than long-term positions. Investors familiar with GraniteShares' existing leveraged equity products will recognise the structure, which mirrors the firm's broader product range.