The GraniteShares 3X ETF has been filed against XRP, Solana, Ethereum, and even Bitcoin. These products now actually offer triple leverage exposure to major cryptocurrencies. The asset manager submitted eight new fund applications on October 7, 2025. These filings include both long and short positions in each digital asset. These ETFs are designed to triple the daily performance of the underlying cryptocurrencies and are currently awaiting regulatory approval.
GraniteShares proposes a 3x leveraged ETF for XRP, Solana, Ethereum, and Bitcoin
James Seifert said:
“New: We have a new application for a 3x leveraged ETF. This batch comes from @graniteshares and includes Bitcoin, Ethereum, Solana, and XRP.”
In fact, the proposed GraniteShares 3X ETF includes four large cryptocurrencies. Bitcoin 3X ETF is a long fund and a short fund. Ethereum-powered ETF options are also displayed in the same format. Both the XRP and Solana 3X ETF products have bullish and bearish positions. This gives traders different means of exposure.
New: We have one more new application for a 3x leveraged ETF. from this batch @graniteshares Includes Bitcoin, Ethereum, Solana, and XRP pic.twitter.com/aTXcEtcxTj
— James Seyffert (@JSeyff) October 7, 2025
Fund structure and trading mechanism
The complete lineup is filed and includes several products. There is also the GraniteShares 3x Long Bitcoin Daily ETF and 3x Short Bitcoin Daily ETF. In addition to these, the application also includes the GraniteShares 3x Long Ether Daily ETF and Short Ether Daily ETF. Additionally, the Long Solana Daily ETF and 3x Short Solana Daily ETF were also submitted. GraniteShares 3x Long XRP Daily ETF and 3x Short XRP Daily ETF are also part of this batch.
These products actually reset daily. That is, performance is calculated on a daily basis. As of this writing, funding is expected to close. According to the prospectus document, the date is October 7, 2025.
