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▲ 엑스알피(XRP) ETF/챗GPT 생성 이미지 ©
The institutional fund competition surrounding XRP (Ripple) is expected to intensify further with the emergence of 3x leveraged ETFs.
According to crypto media outlet Finbold on April 20 (local time), GraniteShares is targeting an April 23 launch for its 3x long and short XRP leveraged ETFs, based on registration documents filed with the U.S. Securities and Exchange Commission (SEC). The products are pursuing a Nasdaq listing.
The products unveiled consist of a '3x Long ETF' that tracks a 3x increase based on daily returns and a '3x Short ETF' that tracks a 3x decrease. Both products do not directly hold XRP but gain exposure using derivatives such as swaps, futures, and options, with all transactions settled in cash.
However, the risks are also significant given that the structure itself is focused on short-term trading. Due to the nature of leverage, there is a possibility of losing the entire investment if the price moves more than 33% in the opposite direction in a single day, and given the high volatility of cryptocurrencies, path dependence and price distortion risks can also increase.
Nevertheless, the trend of increasing institutional demand is clear. XRP spot ETFs in the U.S. have rapidly grown the market, attracting a cumulative $1.27 billion in funds since their launch in November 2025. If leveraged products are added to this, the ways in which institutional funds can participate are likely to become even more diverse.
Ripple also assesses that XRP's position within institutional finance has already entered a stable phase. As the technical roadmap continues with collateral management tokens and protocol validation, this leveraged ETF could become another turning point in the evolution of cryptocurrency financial products.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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