Despite a US government shutdown impacting the Securities and Exchange Commission (SEC), altcoin exchange-traded funds (ETFs) have been delayed in approval. While many altcoins, including XRP, Solana (SOL), and Litecoin (LTC), await regulatory clearance, GraniteShares has submitted new ETF applications for Bitcoin (BTC), Ethereum (ETH), Solana, and XRP. These applications propose 3x leveraged ETFs offering both long and short positions on the respective tokens’ prices. These funds are expected to offer significantly higher risk-reward profiles compared to existing 2x leveraged offerings from ProShares and Teucrium. This development comes as a positive sign for market participation, suggesting regulators might be more receptive towards potentially volatile products.