GraniteShares Delays XRP ETF
- Market trackers reported GraniteShares pushed its 3x XRP ETF filing back to May 7, pausing an expected milestone. (x.com) - Bit_Mews noted Ripple's SEC appeal win and showed XRP trading near $1.43, up about 0.95% when posted. (x.com) - The filing delay kept spot‑ETF momentum uncertain and contributed to short‑term price volatility across XRP markets. (x.com)
GraniteShares has pushed back the effective date for its leveraged XRP fund filing to May 7, 2026, delaying a launch window traders had been watching. (sec.gov) The April 22 filing says its only purpose is to delay Post-Effective Amendment No. 107, which covers eight crypto funds: 3x long and 3x short products tied to Bitcoin, Ether, Solana, and XRP. (sec.gov) This is not a spot XRP exchange-traded fund that would hold the token directly. It is a daily leveraged product, the kind of fund built to magnify one-day moves and typically used by short-term traders rather than long-term investors. (sec.gov) GraniteShares had already delayed the same amendment before. A February 11 filing moved the date once, and an April filing pushed it to April 16 before the new extension to May 7. (sec.gov 1) (sec.gov 2) The delay lands while XRP’s legal backdrop has been getting clearer. The Securities and Exchange Commission said in August 2025 that it had dismissed its appeal and Ripple had dismissed its cross-appeal, resolving the agency’s civil case against Ripple Labs, Chief Executive Brad Garlinghouse, and co-founder Chris Larsen. (sec.gov) That legal shift has fed a separate race over spot XRP funds. The Securities and Exchange Commission published proposed rule changes for products including the Bitwise XRP ETF and the Franklin XRP ETF in February 2025, starting the formal review process for funds that would track XRP more directly. (sec.gov 1) (sec.gov 2) The market was still treating XRP as an active trading story on April 23. Google Finance showed XRP at about $1.44 late that day, while CoinMarketCap showed intraday trading around $1.43 to $1.46. (google.com) (coinmarketcap.com) For now, the practical change is narrow: GraniteShares’ leveraged XRP funds are not yet effective, and the next date on the filing calendar is May 7, 2026. (sec.gov)
