"The 3x Short is the more significant of the two launches. Until now, there's been no clean way for U.S. retail traders to short XRP at high leverage. The 3x Short XRP ETF changes that, allowing anyone with a brokerage account to open a 3x short position on XRP once the fund launches."
"The SEC reviews leveraged products more carefully than spot ETFs because daily rebalancing can create real risks for retail investors. 3x products get the most scrutiny of all, which is why they take the longest to clear."
"What could actually move the XRP price between now and May 7 is the CLARITY Act, the FOMC meeting, and the war situation. The CLARITY Act markup is expected in the Senate Banking Committee by early May, and it's the biggest regulatory catalyst XRP has left this year."
GraniteShares' launch of 3x Long and 3x Short XRP ETFs has been delayed to May 7, marking the fifth postponement in three weeks. The SEC is reviewing these leveraged products more carefully due to the risks associated with daily rebalancing. All eight of GraniteShares' leveraged funds, including those for Bitcoin, Ethereum, and Solana, have also been moved to the same date. The 3x Short ETF is significant as it provides U.S. retail traders a new way to short XRP at high leverage.
Read at 24/7 Wall St.
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