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

The 3x Short is the more significant of the two launches. Until now, there’s been no clean way for U.S. retail traders to short XRP at high leverage. Kraken’s futures platform offers fixed-term XRP futures for U.S. clients, but that’s a separate platform most casual XRP investors don’t touch. The other options are crypto exchange perpetual futures, which most U.S. traders can’t access anyway. The 3x Short XRP ETF changes that. Anyone with a brokerage account will be able to open a 3x short position on XRP once the fund launches.

However, both products come with one big catch: they’re only for short-term holding. The daily reset means that in choppy markets, the fund’s return can drift far from 3x XRP’s actual move. GraniteShares makes it clear in the prospectus: these are for active traders who watch their positions daily, and holding for more than a few days isn’t recommended. But all of that waits for launch day, whenever that actually is.

The two-week delay on its own probably won’t move the XRP price much. XRP trades at $1.43 right now, stuck inside the $1.30 to $1.50 range it’s been in for the past three months. The 3x ETFs were never going to be XRP’s biggest catalyst anyway as they’re built for active traders, and they don’t attract the big institutional money that could move XRP’s price..

What could actually move the XRP price between now and May 7 is the CLARITY Act, the FOMC meeting, and the war situation. The CLARITY Act markup is expected in the Senate Banking Committee by early May, and it’s the biggest regulatory catalyst XRP has left this year.

The FOMC also meets April 28-29 for what’s likely Powell’s final meeting as chair, with rates widely expected to stay at 3.50-3.75%. And the Iran war situation has remained in play after the Strait of Hormuz was closed again on April 18. Any changes in either of these catalysts could trigger the XRP price to push through $1.45 or dip back to $1.30 before the ETFs even launch.

So by May 7, XRP’s price will already reflect whatever those catalysts did. If the CLARITY Act clears committee and Powell strikes a softer tone, XRP could be trading above $1.50 with real momentum when the ETFs launch. On the other hand, if the markup stalls and the war escalates further, XRP could be retesting $1.30 on launch day. The delay moves the launch date, but it also changes the market those ETFs will launch into.

The question most XRP holders aren’t asking is whether these 3x ETFs will launch at all. GraniteShares is trying to launch 3x XRP products while the SEC is already pushing back on the exact same structure.

In December 2025, the SEC sent formal letters to ProShares, Direxion, and Tidal Financial about their 3x leveraged ETFs. The regulator cited Rule 18f-4, which caps fund leverage at 200%. ProShares withdrew its entire 3x crypto lineup in response—including a 3x XRP ETF that’s essentially the same product GraniteShares is trying to launch now.

So the real trigger to watch is what happens by May 7. If GraniteShares launches on schedule, it means that this was just a routine delay, like Volatility Shares’ 2x XRP. But if it gets delayed a sixth time, that signals the SEC is likely heading in the same direction it did with ProShares, and these 3x XRP ETFs may never launch in 2026.

This analyst’s 2025 picks are up 106% on average. He just named his top 10 stocks to buy in 2026. Get them here FREE.