%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment - GraniteShares filed a 3x XRP ETF with the SEC to increase leveraged crypto investment choices - The ETF will provide long and short 3x exposure, creating more trading opportunities GraniteShares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a 3x leveraged exchange-traded fund (ETF) for Ripple's native token, XRP (CRYPTO: $XRP ). The filing, made on October 7, is the company's entry into the growing market for leveraged crypto products. The new ETFs will give traders long and short 3x exposure, meaning their performance will be tripled on a daily basis compared to the underlying asset. The strategy is more appealing to traders who expect greater returns, though it is also more volatile. The move by GraniteShares comes after 2x leveraged XRP ETFs have already met with strong demand by ProShares and Teucurium. Analysts have noted that six ETF proposals, which include Ripple's (XRP) as a payment method, are currently under review by the SEC this month, making October a pivotal month for Ripple-related products. Although the partial U.S. government shutdown has caused a sense of uncertainty, filings, including those of GraniteShare, show little enthusiasm among institutions for XRP-based funds. What's XRP's Market Position in all this? Investor enthusiasm for leveraged exposure has exploded recently. Data shows that the Teucrium 2x XRP ETF (XXRP) has amassed more than $440 million in assets since its August 2025 launch. Similarly, the REX-Osprey XRP ETF (XRPR) has amassed more than $87 million in assets in just a few weeks. Legal expert Bill Morgan, who is known to be pro-XRP, said the latest filing could spark "panic buying" among retail traders. Analysts say GraniteShares' 3x XRP ETF brings the potential to increase XRP market liquidity, offering institutional and retail traders more trading strategies. https://twitter.com/Belisarius2020/status/1975675980326052014 Despite the focus on the XRP spot ETF filings, another XRP hurdle is the U.S. Senate's inaction over the Market Structure Bill. The bill, which aims to provide better definitions for the crypto asset classifications, is still under legislative process. The Market Structure Bill's Senate vote could be delayed to 2026 by the ongoing government shutdown. Pro-crypto legislation is seen as important for increasing retail activity. Ripple (XRP) remains vulnerable to regulatory and legislative changes, especially following the end of the long-standing SEC v. Ripple case in August. XRP Market Analysis Following the ETF filing, the price of XRP has been trading at around $2.85, a level that technical analysts consider a key support level. The token is down almost 4.5% in the last week, but continues trading above the pivotal support of $2.68. Market veteran Peter Brandt warned that a break below that level could throw XRP down towards $2.20, while a bounce above $3.00 could take back short-term bullish momentum. According to data from blockchain analytics platform Santiment, retail sentiment has weakened during recent sessions, with fear levels hitting a six-month high. The firm said the rise in leveraged trading has contributed to investor caution despite institutional interest.