XRP News: GraniteShares Just Delayed Its 3x XRP ETFs to May 7

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Sam Daodu

Thu, April 23, 2026 astatine 12:17 PM CDT 6 min read

GraniteShares has delayed the motorboat of its 3x Long and 3x Short XRP ETFs from April 23 to May 7, marking the 5th motorboat hold successful 3 weeks.
The 3x Short XRP ETF would beryllium the archetypal regulated mode to abbreviated XRP astatine 3x leverage done a modular US brokerage account.
ProShares withdrew its identical 3x XRP ETF successful December 2025 aft the SEC pushback. But if GraniteShares delays again connected May 7, these 3x XRP ETFs whitethorn ne'er motorboat successful 2026.
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GraniteShares' 3x Long and 3x Short XRP ETFs were expected to motorboat connected NASDAQ today, April 23. Instead, the motorboat got postponed to May 7, marking the 5th hold successful 3 weeks.

The effectual day has moved from April 2 to April 9, to April 16, to April 23, and present to May 7. GraniteShares filed the hold nether Rule 485, which lets issuers displacement motorboat dates without restarting the support process. So what does this mean for XRP (CRYPTO: XRP), and what should you ticker earlier May 7?

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ETF speech traded funds concept. Graph with ETF connected the laptop keyboard with commercialized workstation app connected the screen. 3d illustration

The amendment GraniteShares filed uses Rule 485, a mechanics that lets issuers determination motorboat dates without restarting the afloat support process. So, the filing contiguous lone moves the motorboat date. Nothing astir the products oregon reappraisal presumption really changes—the filing stays live, and the timepiece conscionable resets to May 7.

GraniteShares has 8 leveraged funds tied to the aforesaid filing. There are 3x Long and 3x Short versions for Bitcoin, Ethereum, Solana, and XRP. And each 8 person been moved to May 7. Whatever the SEC is moving done has to bash with the 3x operation itself, and that hits each 4 assets the aforesaid way.

Five delays successful 3 weeks sounds alarming, but the filing mechanics itself is routine. Volatility Shares did the aforesaid happening with its 2x XRP ETF successful December 2025. The filing kept getting pushed until the regulator was comfortable, and past it launched.

The SEC reviews leveraged products much cautiously than spot ETFs due to the fact that regular rebalancing tin make existent risks for retail investors. 3x products get the astir scrutiny of all, which is wherefore they instrumentality the longest to clear. So, May 7 is GraniteShares' adjacent checkpoint with the regulator.

Businesswoman utilizing smartphone pointing astatine ETF (Exchange Traded Funds). Investment Opportunities successful Mutual Funds and ETFs, Growing Wealth successful the Financial Market.

When these products spell live, traders volition beryllium capable to instrumentality 3x leveraged positions connected XRP, agelong oregon short, done a regular brokerage account. The 3x Long XRP Daily ETF targets 300% of XRP's regular move, truthful if XRP rises 2% connected a fixed day, the money aims for a 6% summation earlier fees. Neither money holds existent XRP. Both usage swaps and futures to way XRP's price, and everything settles successful cash.

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