GraniteShares Proposes 3X Leveraged Crypto ETFs
GraniteShares has filed proposals to launch 3X leveraged funds for Bitcoin, Ethereum, Solana, and XRP. The asset manager plans to offer both long and short positions on these cryptocurrencies. These funds aim to deliver triple the daily performance of each asset.
In a SEC filing, GraniteShares noted that these leveraged and inverse funds suit investors who closely monitor the market. The company warned that gains and losses could move three times faster than the underlying crypto assets.
Lawyer Bill Morgan confirmed the filings on X, stating, “There is another filing, this time from GraniteShares, for an XRP ETF that includes 3x long and 3x short leveraged investments with exposure to XRP price.” The filings come amid a surge of similar proposals from asset managers targeting approval in October 2025.
XRP Leads Demand for Leveraged Crypto ETFs
XRP has become a popular choice for leveraged crypto ETFs. Its 2X ETFs have attracted over $300 million despite regulatory challenges. Fund managers now see potential in offering 3X leveraged options.
ETF analyst Sumit Roy said these products target “a very narrow audience” and are “intended for the most daring short-term traders.” He added that 3X leverage greatly increases both potential gains and risks, causing higher volatility than traditional ETFs.
Regulatory Changes Speed Up ETF Approvals
On September 17, 2025, the SEC approved new rules to fast-track crypto ETF listings. Exchanges like Nasdaq, NYSE Arca, and Cboe BZX can now list approved crypto ETFs more quickly without lengthy reviews. SEC Chairman Paul S. Atkins said this ensures “our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets.”
Following the new rules, some companies withdrew earlier ETF applications for XRP, Solana, and Cardano. They resubmitted under the simplified process, speeding up approval timelines. Final decisions are expected by October 2025.
Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) is nearing $100 billion in assets. According to Bitcoin Archive on X, it is on track to become the fastest ETF to reach this milestone.
Solana Daily on X reported that Solana, Litecoin, and XRP spot ETFs have a 95% chance of approval, with outcomes expected in October 2025.
GraniteShares’ 3X leveraged ETF proposals mark a new phase in crypto trading. However, investors should be aware that higher leverage also means higher risk.
