On Tuesday, October 7, GraniteShares filed with the U.S. Securities and Trade Fee (SEC) for a 3x XRP ETF. It will permit buyers to take greater leverage lengthy and leveraged quick bets for higher publicity. Professional-XRP lawyer Invoice Morgan believes that this can set off panic shopping for for XRP shifting forward. XRP value has been at the moment buying and selling on the essential help at $2.85, with analysts seeing potential upside.
GraniteShares to Carry 3x XRP ETF For Merchants In search of Greater Dangers
Citing a powerful demand for the 2x leveraged XRP ETF from ProShares and Teucrium, GraniteShares filed for a 3x XRP ETF. This growth comes because the US SEC has to resolve on six Ripple ETF functions this month, in October.
GraniteShares will introduce each lengthy and quick leveraged ETFs for all 4 cryptocurrencies, providing merchants 3x the every day efficiency of the underlying belongings. The proposed merchandise would carry considerably greater risk-reward profiles in comparison with the at the moment out there 2x leveraged funds.
Following this growth, pro-XRP lawyer Invoice Morgan acknowledged: “I’ll proceed panic shopping for XRP within the face of this horrible XRP ETF demand”. In latest instances, the Ripple cryptocurrency has emerged as probably the most sought-after asset for leveraged crypto merchandise, pushed by sturdy retail investor demand.
Regardless of the uncertainty in SEC circumstances, the 2x XRP ETFs have already attracted over $300 million in internet inflows, underscoring sustained market curiosity. Knowledge exhibits that the Teucrium 2x XRP ETF (XXRP) has gathered over $440 million in belongings since its launch in August 2025. Equally, the newly launched REX-Osprey XRP ETF (XRPR) has already gathered greater than $87 million in belongings below administration in lower than three weeks.
All Eyes on the Ripple Cryptocurrency Motion
Amid the broader crypto market sell-off, the XRP value has been going through promoting strain and is testing an necessary help at $2.85 ranges, after 4.5% drop final week.
Fashionable dealer Peter Brandt stated that if XRP loses the essential help at $2.68, it may well additional slide to $2.2. To this point, the bulls have managed to remain above these ranges; nonetheless, they’ve been struggling to maneuver previous $3.0.
Blockchain analytics agency Santiment reported that XRP is experiencing its highest stage of retail worry for the reason that announcement of U.S. tariff measures six months in the past. The agency famous that bearish commentary has outnumbered bullish sentiment on two of the previous three days.
In keeping with Santiment, markets typically transfer opposite to retail dealer expectations. This implies that the latest spike in unfavorable sentiment may precede a rebound in XRP’s value.
