GraniteShares’ XRP ETF Filing Sparks Market Speculation

The cryptocurrency industry is abuzz after GraniteShares filed for a 3x leveraged XRP Exchange-Traded Fund (ETF). This move, which comes on the heels of increasing institutional interest in high-risk crypto products, has sparked speculation about potential regulatory shifts and their impact on market liquidity. The filing signifies a strategic expansion by GraniteShares into leveraged cryptocurrency trading, offering both long and short positions on XRP, Bitcoin, Ethereum, and Solana. Analysts suggest this action reflects growing market demand for amplified exposure to digital assets.