GraniteShares ETF Trust has pushed the proposed effective date for its leveraged XRP exchange-traded funds to November 30, 2026, CoinGape reported. The trust filed a post-effective amendment on October 26, signed by its president William Rhind, and the filing says its sole intent is to delay the effect of an earlier registration change until November 30 under Rule 485(b) of the Securities Act of 1933.
The filing covers the GraniteShares 3x Long XRP Daily ETF and the 3x Short XRP Daily ETF, and it also covers leveraged Bitcoin, Ethereum and Solana funds. CoinGape’s article gives no reason for the delay and does not confirm how many earlier delays there have been, even though its headline says “again.”
The headline also asks whether the U.S. midterm elections on November 3 are to blame. CoinGape cites a 218-214 House split, a 53-47 Republican Senate lead and more than $3.8 billion in political ads aired as of October 12. However, the filing does not mention the elections, and the article says the decision “appears to have been independent of the election calendar” and found no evidence that the vote played a role. An earlier CoinGape report had tied a separate XRP ETF delay to risks around the CLARITY Act Senate vote.
For XRP traders the practical point is timing: the proposed effective date for these products is now November 30. This is news, not investment advice.
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