news4h ago

Graniteshares Is Pushing Back The Launch Of Its 3x Long And Short $Xrp Exchange-Traded Funds To May 7 After Filing An Amendment With The Us Securities And Exchange Commission.

The delay also affects the firm's planned 3x leveraged products tracking $BTC, $ETH, and $SOL. The funds are structured to provide 300% daily exposure through swaps and futures contracts, a design that typically draws closer regulatory scrutiny. GraniteShares used Rule 485 of the Securities Act to shift the effective date, a provision that allows issuers to extend a filing's effective date without restarting the full approval process.

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